How is this possible? Unless they invented literal world changing technology (they haven't) how are they able to do this? No product, no public demos, what exactly have they done?
Presumably the extent to which they've invested reflects the extent to which they believe magic leap has "invented literal world changing technology"
Of all the companies, good for them for raising more. A moonshot to build the metaverse is what a tech startup should be.
I somewhat agree, but wouldn't it create a better environment funding 10 or 100 smaller startups? I know you can argue that "this is just how much it takes to do this". But in my opinion it's more likely that you could reach your goal funding 20 companies with 100MUSD (which is still a huge amount of money, even if you're doing custom silicon).