Facebook’s $250 Million Dollar VR

October 7, 2016   |   filed under Interaction, Technology, Uncategorized, Video

Mark Zuckerberg revealed this week that Facebook-acquired VR entity "Oculus" will put forth an estimated $250 million towards new virtual reality content and a 'standalone, affordable' headset.

“More than a million people actively use virtual reality products every month,” Zuckerberg said, calling Samsung Gear VR, produced with Oculus, and the Oculus Rift “amazing” experiences. “This is happening, and we have a lot to be excited about.”

While the current Oculus setup is rigged to a PC, Zuckerberg announced Facebook's new headset will not need to be tethered to a machine.

Working with partners Nvidia and Advanced Micro Devices - Oculus has made strides since Facebook bought the company for a whopping $2 billion before a single product was launched.

  SOURCE: FORBES      
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