https://safirsoft.com TikTok owner ByteDance takes on virtual reality by buying Pico

What happened? ByteDance, the Chinese multinational technology company best known as the face behind TikTok, has officially entered Metawares. CNBC has confirmed that ByteDance has agreed to buy virtual reality company Pico. The financial terms of the deal, which was rumored by the Chinese magazine Noyun a few days ago, were not disclosed.

ByteDance told CNBC that Pico Software and Hardware, along with its highly talented team, are supporting their long-term investment in the VR startup that it's making.

Pico may not be a name you've ever heard, but people in the VR industry are surely familiar with the launch process. According to IDC, Pico was the world's third largest VR headset manufacturer in the second quarter of 2021, with sales increasing 44.7% annually.

https://safirsoft.com TikTok owner ByteDance acquires virtual reality by buying Pico

< p > ByteDance is recently looking for diversification. Last year, the company launched its first hardware product in the form of a smart bulb with a touch screen and two cameras. A few months later, mobile game studio Moonton rebounded in a $4 billion deal reported by Reuters.

With the launch of VR in its portfolio, ByteDance could be ready to work with Facebook's Oculus VR division in a growing space. And given Apple's re-engagement with many other players, we can see significant progress in the next few years.

Image Credit Zhang Kanlong, Visual China Group

TikTok owner ByteDance takes on virtual reality by buying Pico
tiktok-owner-bytedance-takes-on-virtual-reality-by-buying.html

https://safirsoft.com HBO Max announcement will cut the monthly rate in half for the next six months

HBO Max announcement will cut the monthly rate in half for the next six months

What happened? HBO is no longer available through Amazon Prime Video Channels, and WarnerMedia hopes to reduce subscriber losses by offering attractiv...
https://safirsoft.com According to the RIAA, the music industry's income in the first half of 2021 increased by 27%

According to the RIAA, the music industry's income in the first half of 2021 increased by 27%

The Recording Industry Association of America (RIAA) found in its mid-2021 report that American music recording revenue in the first half of this year...
https://safirsoft.com The latest startup, Steve Wozniak, monitors and removes space junk

The latest startup, Steve Wozniak, monitors and removes space junk

Large Image: Apple founder Steve Wozniak teamed up with former Apple engineer Alex Fielding to start a private space company. Based on the little info...
https://safirsoft.com Epic as a promise to appeal the lawsuit with Apple

Epic as a promise to appeal the lawsuit with Apple

Over the weekend, Epic Games appealed the latest ruling in its case against Apple. While the ruling was tied to Apple in almost all cases, it didn't l...
https://safirsoft.com Tinder CEO Jim Lanzon Named Next CEO of Yahoo

Tinder CEO Jim Lanzon Named Next CEO of Yahoo

What happened? Jim Lanzon, CEO of Tinder, has been named the next CEO of Yahoo! Apollo Global Management announced this Friday, just one week after co...
https://safirsoft.com Just Out Technology will hit the Whole Foods market next year without criticism from Amazon

Just Out Technology will hit the Whole Foods market next year without criticism from Amazon

Amazon's launch of its cashless "Just Walk Out" technology remains slow but steady as the e-commerce giant announced that it will have the option to s...