• Variety, Friday, April 22, 2016 9:05 AM

Famed “Lord of the Rings” director Peter Jackson believes that the mobile phone has found its match: Jackson recently told Wired Magazine that augmented reality technologies like the ones developed by Florida-based Magic Leap will be used “as much as, if not more ” than smart phones in ten years. Magic Leap is one of a number of companies working on augmented reality technology capable of combining images of the real world with virtual objects. The startup has been highly secretive about its technology, but that hasn’t stopped high-profile investors like Google, Alibaba and Warner Bros. from pouring more than $1.4 billion in financing in the company. Magic Leap did unveil a new video demonstration of its technology Tuesday, complete with virtual screens that could theoretically replace a phone or even a desktop PC.

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