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When Google invested a huge $500 million into Magic Leap last year, we didn't know what would come of that - until, well, now. Take a look at the video below, and if you're not impressed, I would be heavily surprised.
The company has stated that this is a real game that the Magic Leap staff play in their offices right now, and I want to, too. It looks so good that it looks like it is something that was created as a technology demo, and isn't real right now, but with the Google-funded company promising that this is indeed real, the potential of this is quite large.
I don't think what we're seeing right here is possible with the technology we have right now, as the wearable side of things for the user would require a serious shrink from the size we have today. But, it is a great tease and a peep into the future, which is exciting nonetheless.
The wearable electronics market is booming, and some consumers and doctors are wondering what type of health impact these products could have on owners.
Considering the Apple Watch - which is expected to quickly propel the wearables market - isn't even out yet, and there has been no research into possible health-related issues, this is more of a general concern than outright risk.
"The radiation really comes from the 3G connection on a cell phone, so devices like the Jawbone Up and Apple Watch should be okay," said Dr. Joseph Mercola, alternative medicine specialist, in a statement to the New York Times. "But if you're buying a watch with a cellular chip built in, then you've got a cell phone attached to your wrist."
Fitness wearables and smartwatches might be popular among consumers, but show true potential in the health industry. The collected data could be easily passed from consumer directly to his or her medical professional, offering a more detailed look into daily physical activity.
There are concerns related to privacy and data security, especially when it comes to personal medical information, though Fitbit - and other manufacturers - are keen to work with the FDA to approve regulation.
"I think right now everyone is focused on pure consumer benefits and motivating people to change their behavior," said James Park, CEO of Fitbit, in an interview with TIME. "I think there'll be a next big leap in benefits once we tie into more detailed clinical research and cross hurdles and dialogue with the FDA about what we can do for consumers and what's regulated or not."
Smart glasses using augmented reality may not have taken off among consumers, but are still going strong in the workplace. A growing number of Fortune 500 companies are testing augmented reality, hoping the budding technology will help employees be more productive.
"It's combining the digital world and the physical world," said Tuong Nguyen, principal research analyst at Gartner, in a statement to NBC New. "There are a lot of companies that are trying this technology out."
There is great potential for AR to be used with business leaders trying to promote the "deskless workforce," with many employees deployed out in the field. Access to hands-free, real-time data gives them increased advantage to make things happen while no longer waiting for paperwork.
Swiss watchmaker Tag Heuer will team up with Intel and Google to create a smartwatch running the Android Wear OS.
"There are two operating systems: one is Apple's iOS, the other is Android Wear - who are we to invent another language at that level?" said Jean-Claude Biver, president of the LVMH Group, in a statement to BBC. "There is no doubt that we could eventually go to Apple, but why should we do a partnership with Apple, who is producing watches? On the one side they would be partners, on the other a competitor. Google is not producing watches, so the relationship is perfect."
As Google looks for new smartwatch partners, the relationship could help increase the number of Android Wear-powered smartwatches. Meanwhile, Intel is looking to fully embrace the wearable and smartwatch sectors, pushing new technologies able to power the increasingly popular consumer products.
The Apple Watch has gained a lot of attention from consumers, and around 40 percent of adult US Apple iPhone owners are interested in possibly purchasing the device, according to a poll by Reuters/Ipsos.
A previous Reuters/Ipsos survey found that 69 percent of American consumers aren't actually in a big rush to purchase the Apple Watch - but Apple hopes its first new product in years will be popular among iPhone owners.
There are more than 100 million iPhone owners in the United States, and almost 500 million across the world, so there is a huge base of potential customers.
Following the death of unarmed teenager Michael Brown in Missouri last year, a growing number of police departments are rolling out wearable body cameras. The small cameras are designed to provide another viewpoint of interactions between police officers and the public - assuming the officers are using the wearables appropriately.
An independent analysis of the Denver Police Department indicated cameras weren't filming during many cases that required use of force. It would appear that were cases in which "officers forgot to them on" or the "situation deteriorated too quickly," so officers didn't have time.
"Police departments all over the country are saying, 'We're going to use body cameras,'" said Noelle Phillips, Denver Post writer, in a statement published by NPR. "Lots of groups are saying, 'Hey, let's consider all these recommendations, how does the technology work - and make it the best it can be.'"
The wearables industry is evolving and becoming more mainstream over time, but that could lead to major cybersecurity concerns, experts warn. Wearable shipments are predicted to rise 158 percent year-over-year in 2015, reaching 75 million units - and the bring your own device (BYOD) means a lot of those devices will enter the workplace.
Eighty percent of European companies saw more wearables in the workplace, with 77 percent of IT decision makers embracing the change, though the smartwatches and other devices are connected to company networks. Clever hackers will be able to access data ranging from names, email addresses and other personal information to work-related data, such as sensitive corporate data.
"As people get increasingly interested in wearables... these devices end up indirectly connected to corporate networks via BYOD (bring your own device) devices," said Bogdan Botezatu, senior e-threat analyst at security firm Bitdefender, in a statement to CNBC.
The Apple Watch may have garnered significant attention ahead of launch, but 69 percent of Americans don't have an interest in actually buying one, according to a recent Reuters/Ipsos survey. Consumers will be able to purchase an Apple Watch starting on April 24.
Not surprisingly, the Apple Watch requires an iPhone to utilize all functionality, and 13 percent of survey respondents said they would think about purchasing the smartphone so they can use the watch. The product's launch is a major test for Apple CEO Tim Cook, as this is the first new product from Apple in more than five years.
Even if the majority of American consumers don't have a high interest in the Apple Watch, investors are expecting the long-awaited wearable to be a financial success. Unfortunately for Apple, 52 percent of consumers believe smartwatches are just a "passing fad."
Countless devices and gadgets hit Indiegogo each month, but one of the most interesting and promising things to hit the crowdfunding site is the new wearable; Quell.
Quell is promising consumers it is a drug-free device that will alleviate chronic pain. It has reached pre-order status on Indiegogo, where it has raised over $258,000 of its required $100,000 funding goal. You can grab one for $199, which will have a one-month supply inside, which is $50 less than the $250 retail price of the device.
Each month you will need two electrodes that are priced at $29.99, available from the company's website. But unfortunately, for the time being at least, Quell is available to those based in the US and Canada, as the company is still chasing regulatory approvals in other regions. The company has said that it's "the only FDA cleared, doctor recommended, 100% drug free device clinically proven to relieve chronic pain at the touch of a button".