I can't help but have similar feelings about this, and I think your question about whether "the community has an issue with it" is especially pertinent.
Many journalists and internet pundits suggest that Magic Leap's technology was obviously over-hyped. See for example the title of The Verge's article. Adding further evidence that it was too good to be true, they used faked videos to attract software developers, as you have pointed out.
So how is it that Google, Alibaba, and Andreessen Horowitz were convinced to hand over hundreds of millions of dollars each to this company? Was it fraud, over-promising on behalf of Magic Leap's founders, or could these huge VC firms not see what everyone else could see? Is it really that easy to secure a billion dollars in funding? The question as to "what's going on here" relates as much to the startup / VC community as it does to Magic Leap.
Many journalists and internet pundits suggest that Magic Leap's technology was obviously over-hyped. See for example the title of The Verge's article. Adding further evidence that it was too good to be true, they used faked videos to attract software developers, as you have pointed out.
So how is it that Google, Alibaba, and Andreessen Horowitz were convinced to hand over hundreds of millions of dollars each to this company? Was it fraud, over-promising on behalf of Magic Leap's founders, or could these huge VC firms not see what everyone else could see? Is it really that easy to secure a billion dollars in funding? The question as to "what's going on here" relates as much to the startup / VC community as it does to Magic Leap.