Magic Leap CEO responds to hype-bursting report that its tech is subpar

Magic Leap, a buzzy augmented reality startup privately valued at $4.5 billion, overhyped its technology, according to a report on Thursday.

The article by tech news site The Information claimed that Magic Leap executives have overstated the quality of their still unreleased augmented reality device and that a prototype is inferior to that by rivals’ such as Microsoft HoloLens.