Local & Global VR News for the Week of January 18th, 2019

Each week we highlight 3 top stories from local and global VR/AR/MR news to help you stay on top of the trends.

  • Byju's acquires AR educational startup Osmo for $120M, These augmented reality apps integrate offline activities to help children between 5 and 12 learn, and according to Sharma, have been incorporated into around 20,000 schools in the United States.

  • Mystery company buys Meta's augmented reality tech, Meta fell on hard times in September after a promised $20 million investment from a Chinese company fell through over trade tensions between the US and China. The company has promised that its current products, mainly its latest Meta 2 AR headset, will continue to be supported.

  • Microsoft opens AI and VR incubator in China, Despite its struggles in some countries, virtual reality has steadily grown in popularity throughout China over the last few years, so Microsoft — better known for its augmented reality headset HoloLens than its VR initiatives — is getting in on the action. As reported by China’s Xinhua news agency, the company today launched the Nanchang City AI+VR Innovation Center, a cloud and mobile technology incubator geared towards startups and established manufacturing companies.