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NYC Media Lab chief: Investment in VR/AR is slowing
Rebecca Zisser / Axios

Axios spoke with Justin Hendrix, executive director of NYC Media Lab, which brings together universities, publishers, agencies and telecom companies to test media and digital innovation. Per Hendrix, AR/VR investment is slowing:

"I do think we're seeing a little bit of a wobble in the kind of commercial enthusiasm around AR and VR," Hendrix said. "The dip suggests investors have cooled since realizing emerging area market adoption not there. Investment should bounce back in 2018."

Per Crunchbase, the first quarter of 2017 marks the lowest quarterly number of financings and investment total in AR/VR technologies in over a year.