From Recode, “Fake tech is a term that came to mind while reading about the augmented-reality startup Magic Leap. The company has raised $1.4 billion based on videos created to demo its technology. But new information has surfaced that indicates these videos were created using special effects, simulated by a New Zealand company that specializes in such things. While it’s not clear how real the company’s technology is, you could describe these simulated presentations as fake.
I’ve also experienced fake tech on Indiegogo and Kickstarter. There are products described with seemingly impossible claims that can’t be verified by the host sites. So, anyone with a clever idea and a simulated video can raise money proposing an idea that’s impossible to do.”