The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
The licensing deal is with Lumus, an optics company that makes the core display components for augmented reality glasses. Lumus provides a projector-like technology that overlays images onto the "screen" of a spectacle lens.
Lumus, founded in Israel in 2000, has a long patent history in the augmented reality arena. In particular, the company focuses on embedding multiple prisms into a single piece of glass, to increase the size and breadth of images while keeping the lenses discreet and "non-dorky," CEO Ari Grobman said.
Augmented reality, unlike virtual reality, has to adjust colors and displays for conditions such as fog and sunlight — which, until now, has been a major bottleneck for big manufacturers like Quanta. This deal could pave the way for headsets that are $1,000 or less, Grobman said.
Quanta, which is also known for laptop computers, has already laid out an ambitious plan to move toward augmented reality manufacturing by 2019, something Lumus said it can do. Like top computer brands advertise processing power as "Intel inside," the new glasses could be designed to the specifications of top brands with Lumus inside.
Apple CEO Tim Cook has swatted down rumors that the company is working on an augmented reality headset, saying that he didn't think the technology existed to bring AR glasses up to Apple's standards "any time soon. "