Magic Leap's Downshift: From Illusion Creator to Waveguide Supplier

Magic Leap's pivot is essentially the bankruptcy of an industry fairy tale. This AR unicorn, once valued at over $1 billion and expected to reshape human-computer interaction, has now announced layoffs of nearly 200 people and officially abandoned its self-developed headsets to become a waveguide technology supplier. The news itself is plain, but the logic chain behind it is worth every tech professional pondering.