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Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The

Xreal, a Chinese AR glasses manufacturer, has raised $60 million in funding, boosting its valuation over $1 billion, positioning it to compete with tech giants like Apple, Meta, and Google in the augmented reality market.

There’s a lot of pressure on the new Apple Vision Pro headset, which starts at $3,499 and marks the beginning of something called “spatial computing.” The ambition is enormous, but the Vision Pro also represents a series of really big tradeoffs.

(Bloomberg) -- Augmented reality glasses maker Xreal is raising fresh funding at a valuation that tops $1 billion, according to Chief Executive Officer Chi Xu, aiming to get out ahead of future devices from Apple Inc., Meta Platforms Inc. and Alphabet Inc.’s Google.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetMusk Says First Neuralink Patient Received Implant in BrainBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stock

A personal cinema? A wearable iPad? A doorway to immersive futures? This is Apple's wildest and strangest device.