Magic Leap is still super secretive about how its augmented reality technology will work, but there's a fair amount that is public via "talks, patents, job applications and the background of people working at the company to try to find out", as Jono MacDougall explains, proceeding to cobble those clues together to explain how Magic Leap will probably work:
Simply put, Magic Leap is building a device capable of manifesting objects into a person's field of view with a level of realism beyond what we have seen so far from other similar devices. Magic Leap will come in two parts: a pair of glasses and small pocket projector/compute unit, think phone sized rectangle without a screen. The pocket unit will be connected via cable to the glasses. The glasses will be similar in size and design to glasses worn by people today, though they may be a bit chunkier than we are used to. The small size of the headset is the most fundamental piece of this product. It means it will be socially acceptable to wear in public and gives it the potential to have the utility and accessibility of a smartphone.
Much more here. If that's all the case, that's really hilarious. Google Glass' lack of socially acceptability had nothing to do with the size -- people go out in public with ridiculously huge glasses all the time, with nary a sneer -- but, you know, because it had a camera on it. And more subtly, Glass was explicitly generating interactive images in front of the user that no one else in public could see, or even quite knew when they were being generated, even while the user was still interacting in public. This is profoundly different from smartphone use, where it's clear when someone is engaging with digital content: They move their head down and often move away from people before engaging with the phone. (And hopefully say something like, "Excuse me, quick text.") Lacking similar social cues, Magic Leap's augmented reality glasses will likely meet a similar fate as Glass -- a technically impressive but ultimately annoying device which irritates everyone around the device's wearer by conveying that they're not very important, since the owner would literally rather live in another reality than them.
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