Apple Inc. acquires VR startup Spaces to offer AR and VR solutions

By Nikita Chaurasia  Date: 2020-08-25

Apple Inc. acquires VR startup Spaces to offer AR and VR solutions

In a recent turn of events, technology giant Apple Inc has acquired startup named Spaces, which is known for expertise in virtual reality technologies (VR).

For the record, Spaces was launched in 2016 by DreamWorks Animation veterans. Since then, the company has been developing VR products including Zoom application, which has gained a lot of limelight lately. It enabled the users to hold video conferencing equipped with virtual reality using animated avatars.

As per the reports, Spaces ceased all its services the previous week without any prior notification and announced on their website that the company is headed in a new direction, further thanking the users and partners.

As per trusted sources, it is not confirmed that the team at Spaces will join any project at Apple that is associated with VR, although rumors suggest that Apple is planning to come up with AR and VR headsets in 2021 and 2022.

If reports are to be believed the headset will feature “cinematic speaker system,” and high-resolution displays which will make it difficult for the user to spot the difference between virtual reality experience provided by the headset and reality. Apple has an aim to become a leading company in the " crossover reality’ and to dominate the entertainment industry, cites sources.

According to the reports, Apple continues to make investment in its ARKit and in new features like the LiDAR scanner in the latest iPad Pro 2020, it’s fair to expect that all of these technologies will be deployed with a new product which will offer advanced augmented and virtual reality capabilities.

Reportedly, both Apple and Spaces did not immediately respond to the request to comment on the acquisition. The financial details of the deal have also not been disclosed yet.

Source credits-

https://9to5mac.com/2020/08/24/apple-reportedly-acquires-vr-startup-spaces/

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

CDC updates guidelines, calls for vaccinated people to mask up

CDC updates guidelines, calls for vaccinated people to mask up

By Nikita Chaurasia

The Centers for Disease Control and Prevention issued new guidelines suggesting that people who are vaccinated against Covid-19 wear masks in public as well as indoor areas where the rate of the disease is high. The CDC also stated that teachers, sta...

iPhone’s hot streak could be hampered by global chip shortage crisis

iPhone’s hot streak could be hampered by global chip shortage crisis

By Nikita Chaurasia

Apple Inc. recently stated that the global chip shortage that has affected the sales of Macs and iPads, will now hit iPhone production and the expected revenue growth is likely to decelerate. This has resulted in lowering Apple’s shares. The c...

EV maker Rivian bags USD 2.5 Bn in a funding round led by Amazon, Ford

EV maker Rivian bags USD 2.5 Bn in a funding round led by Amazon, Ford

By Nikita Chaurasia

American electric vehicle maker Rivian Automotive LLC reportedly secured USD 2.5 billion in a funding round led by Amazon.com Inc, T. Rowe Price, D1 Capital Partners, and Ford Motor Co. In addition, the event also saw participation from Fidelity Man...

ICEA forms committee chaired by HP India MD to boost IT hardware sector

ICEA forms committee chaired by HP India MD to boost IT hardware sector

By Nikita Chaurasia

The India Cellular & Electronics Association (ICEA) recently announced the formation of a committee to promote manufacturing and exports of the IT hardware sector. The panel headed by Ketan Patel, HP India’s Managing Director, will set up a...

Amazon to stop on-site COVID-19 testing in U.S. warehouses this month

Amazon to stop on-site COVID-19 testing in U.S. warehouses this month

By Nikita Chaurasia

Amazon is reportedly planning to discontinue on-site Coronavirus testing for its warehouse employees in the United States. The retail giant confirmed slowing down the testing by 30th July and will only resume after receiving new guidelines change fro...