Magic Leap accuses Nreal founder of stealing AR glasses tech for China
As noted by Bloomberg, Magic Leap filed a federal lawsuit yesterday against Chi Xu and Nreal, suggesting that Xu used part of his 13-month employment with Magic Leap to pilfer secrets for a competing business in China. Magic Leap, of course, spent years teasing its development of a cutting-edge augmented reality headset before finally releasing Magic Leap One last year.
The original report notes that Nreal was started in Beijing, China as Hangzhou Tairuo Technology, and Bloomberg suggests that it’s yet another example of intellectual property theft from a U.S. company by a Chinese one. While that may be true, it’s also worth noting that large companies sometimes levy shaky accusations of IP theft against former employees to extract financial concessions from their subsequent startups, with settlements and judgments varying based on a variety of factors.
See the full story here: https://venturebeat.com/2019/06/18/magic-leap-accuses-nreal-founder-of-stealing-ar-glasses-tech-for-china/