Google invests in Magic Leap to compete with Facebook's Oculus Rift.

Google and other investors are planning a huge investment in Magic Leap, a secretive but boastful company building hardware and software it says will deliver “cinematic reality.”
Magic Leap have given some hints about what they’re working on, though: They say they can deliver a more realistic 3-D experience than the kind offered by current technologies, including Oculus Rift, the 3-D headset; Facebook bought Oculus VR for $2 billion earlier this year.

http://recode.net/2014/10/13/google-is-set-to-lead-a-huge-investment-in-magic-leap-a-company-that-says-it-can-deliver-cinematic-reality/