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Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers - TL;DR CNBC

Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers

Publishing timestamp: 2024-01-12 02:17:40


Summary

Rokid, a Chinese augmented reality glasses and software company, has raised $70 million in funding led by the government of Hefei city. The company plans to focus on using AR for factories, aiming to improve equipment safety checks and reduce training time for workers. Rokid already has a significant market share in industries such as energy in China. The cooperation agreement with Hefei city will establish various centers for research and development. Rokid also sees potential in incorporating artificial intelligence with AR in the future.


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Keywords: apple incmarket insiderstock marketsbreaking news: technologymarketsbusiness newstechnology

Source: https://www.cnbc.com/2024/01/12/chinas-rokid-rival-to-apples-vision-pro-raises-70-million.html


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