Facebook plans $3 billion infusion for virtual reality technology
Technology
Facebook plans $3 billion infusion for virtual reality technology
Facebook plans to pour $3 billion into virtual reality in the next decade in an effort to improve the technology. The revelation came from the company’s founder and CEO, Mark Zuckerberg, who was testifying in a federal court. Virtual reality — which was released to the masses last year in the form of several devices from the likes of HTC, Sony PlayStation, and Facebook-owned Oculus — is not where it should be, according to Zuckerberg, who said that the experience isn’t good enough yet for general users.
It’s going to take five or 10 more years of development before we get to where we all want to go.
Mark Zuckerberg, Facebook founder and CEO
The lawsuit facing Oculus was the first in a series of obstacles that would plague Facebook, culminating in Zuckerberg’s unexpected statements on Tuesday. It all began in 2014, shortly after Facebook snapped up the Rift VR headset manufacturer for $2 billion. A lawsuit filed by the videogame publisher ZeniMax alleges that Oculus CTO John Carmack stole intellectual property from his former employer and used it to build the Rift headset with Oculus founder Palmer Luckey. Oculus has denied the allegations.
The idea that Oculus products are based on someone else’s technology is just wrong.
Mark Zuckerberg
