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Facebook CEO Asks for Investor Patience on VR, ‘it’s not going to be really profitable for us for quite a while’

Ever since Facebook’s acquisition of Oculus in 2014, CEO Mark Zuckerberg has poised the transfer as a strategic guess on a know-how that might ultimately change the best way we talk. In the corporate’s most up-to-date earnings name, Zuckerberg requested for “the patience of the investor community” as he reminded them about his perception in Oculus as a long run guess. Addressing ...

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Vive President Says Next-gen VR Headsets Likely to Come in 1 to 3 Year Cycles

Over the course of the final 50 years, capital markets have considerably codified a generational mannequin strategy shopper know-how merchandise. New “generations” of merchandise are anticipated to come at a daily tempo and supply elevated options and reliability on the similar costs. But relying upon the product sort, the standard life cycle from one era to the subsequent can range drastically. ...

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Oculus VR case goes to jury with a $4B request

“If they could make it, why’d they take it?” That appeared to be ZeniMax lawyer Anthony Sammi’s chief chorus throughout closing arguments as we speak, the place the lawyer representing the corporate behind id Software and Bethesda requested a Dallas jury to rule towards Facebook and award $2 billion in compensation and one other $2 billion in punitive damages. Oculus ...

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Get Social in VR When VRChat Launches in February

If you’ve obtained a virtual reality (VR) headset you’ll probably have tried a few of the social apps reminiscent of vTime and AltspaceVR for instance. For these customers on the lookout for the newest option to talk in VR, subsequent month sees the launch of VRChat throughout a variety of headsets. Set to launch by way of Steam Early Access on ...

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