Virtual Reality

The latest news about virtual reality and VR startups in Southern California from dot.LA.
Evan Xie

Interest online around new AI companies, concepts and pitches remains as frothy as ever. A widely-shared thread over the weekend by Silicon Valley computer scientist Dr. Patrik Desai instructs readers to begin recording their elders, as he predicts (with 100% certainty!) that we’ll be able to map and preserve human consciousness “by the end of the year.” The tweets have over 10 million views in just three days. A new piece from the MIT Technology Review touts the ways AI apps will aid historians in understanding societies of the past. Just the other day, a Kuwait-based media company introduced an entirely-virtual news anchor named “Fedha.”

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AppliedVR

Virtual reality healthcare company AppliedVR could soon be the first company to get a VR device covered by Medicare. The Los Angeles-based health tech firm launched in 2015. Since then it has been steadily working towards making its main product, a virtual reality headset and software for managing chronic pain called RelieVRx.

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Evan Xie

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Disney CEO Bob Iger recently announced plans to lay off around 7,000 employees over the next few months, as part of a broader effort to slash costs. (Iger hopes to save $5.5 billion in total, with $3 billion of that coming from the content side of the company.) Today, the Wall Street Journal reports that some of these losses will come from the company’s “next-generation storytelling and consumer experiences unit,” including the relatively small division that was working on metaverse development and strategy.

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