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United States : OVER $100 Million invested by Microsoft in Wearable Tech.

Sony earlier this month declared that it would be starting first into the virtual reality realm with its own VR headset, Project Morpheus. Obviously, this generated all sorts of speculation as to what Microsoft may be developing behind the scenes in an attempt to contend with the PlayStation-centric headset over and above Oculus Rift.

As per to Osterhout Design Group (ODG) founder Ralph Osterhout, the Big M has invested a hefty chunk of change into ODG's wearable computing technology. In fact, TechCrunch reports that Microsoft "has paid up to $150 million to buy IP assets related to augmented reality, head-borne computers, and related items."

Microsoft's recently selected head of Xbox, Phil Spencer, has approved that the company has been looking into VR, so this investment sure seems like a logical move. Expectantly we'll hear more about the Big M's plans for virtual reality in the near future.

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Publication:Mena Report
Date:Apr 1, 2014
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