Apple reportedly acquires AR startup Spaces

AR technology startup Spaces, a former project of DreamWorks Animation, was recently acquired by Apple as the tech giant builds out its AR/VR team, a report said Monday.

Citing sources familiar with the matter, Protocol reports Apple purchased the company that most recently marketed VR software add-ons for video conferencing platforms like Zoom. For example, Spaces technology allowed users to present news briefings, lectures and more in a virtual environment complete with avatars and interactive white boards.Spun out from DreamWorks Animation in 2016, Spaces began life as an independent company by creating location-based VR experiences including "Terminator Salvation: Fight for the Future." That business was hit hard by the coronavirus, which forced Spaces to shutter VR attractions and pivot to video conferencing technology, the report said.

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