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Midjourney founder and CEO David Holz said in a recent interview with Ben Thompson's Stratechery: "It's fair to say that I, and every other pioneer in the field, feel deeply about the current state of AR and VR. Disappointment. (Long before entering the field of generative artificial intelligence, Holz founded Leap Motion, which developed a groundbreaking computer motion-tracking input device in the early s.)
Aside from Meta, Apple is reportedly the only major tech company working on a mixed reality Indonesia Phone Number consumer hardware device, and the company is notoriously secretive about its research and development. While there's an argument to be made that tech companies shouldn't disclose not-yet-fully-developed technology to reporters, Holtz believes there's actually little benefit to keeping it secret.

As Holtz pointed out to Stratechery, early excitement about AR/VR technology in the s led to a wave of consolidation in the industry, with big tech companies like Apple, Meta, and Google gobbling up many of the companies pioneering work in the field. AR/VR startups. Many startups talk openly and collaborate with each other while trying to overcome various technical obstacles. For example, Holtz said that before Meta (then Facebook) acquired Oculus for $ billion in , people at Leap Motion talked to engineers at the VR headset maker.
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