Facebook may have bought Oculus Rift, but now Google is reportedly splashing out virtual reality technology too. The search giant is set to invest $500 million (£314 million) in Magic Leap, which claims to have invented be a realistic version of virtual and augmented reality, dubbed ‘cinematic reality’. The Florida-based firm’s website features a little elephant moving around realistically in a person’s hands, to show off their capabilities. Scroll down for video Google is reportedly set to invest $500 million (£314 million) in Magic Leap, which claims to be a realistic version of virtual and augmented reality, dubbed ‘cinematic reality’. The Florida-based firm’s website features a little elephant (pictured) moving around realistically in a person’s hands, to show what it can do
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Google is tipped to invest $500 million (£314 million) in Magic Leap
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Florida-based firm claims to have made a realistic version of virtual and augmented reality, which it calls 'cinematic reality'
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It's revealed very few details about the technology, aside from saying it's more realistic than Oculus Rift, which was brought by Facebook this year
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Device may show wearers hi-resolution images close to their face, by projecting pictures onto the eye, but this is not certain
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Unlike Oculus Rift, the wearable could mix virtual reality with the real world
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Gamers hope that @placeholder and Google’s involvement in the virtual reality space will accelerate the technology, which would make playing games and watching films more realistic, as well as creating other immersive experiences.