Skip to main content

Facebook plans to invest $3 billion in virtual reality over the next decade

Mark Zuckerberg Demos Oculus Chat
Image used with permission by copyright holder
Facebook is planning to pour $3 billion into virtual reality in the next decade in an effort to improve the tech.

The revelations came from the company’s head honcho himself, Mark Zuckerberg, who made the remarks while testifying in a federal court, The New York Times reports. The Facebook founder was surprisingly forthright in his projection for VR — 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 — claiming the computing platform’s experience isn’t currently “good” enough for general users.

The lawsuit facing Oculus was the first in what would later turn out to be a series of obstacles that would plague the company, 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.

The suit filed by video game publisher ZeniMax alleges Oculus CTO John Carmack stole intellectual property from his former employer (and ZeniMax subsidiary) id Software and used it to build the Rift with Oculus founder Palmer Luckey. Oculus has denied the allegations. In early January of this year, the lawsuit made it into a jury trial in a Dallas federal court.

“We are highly confident that Oculus products are built on Oculus technology,” remarked Zuckerberg in court on Tuesday. “The idea that Oculus products are based on someone else’s technology is just wrong.”

Despite his attempts at putting a PR spin on his Dallas visit — Zuckerberg shared a series of Facebook posts showing his meetings with local residents as part of his “personal challenge” for the year — his court statements regarding the state of VR are generating far more interest.

“I don’t think that good virtual reality is fully there yet,” said Zuckerberg. “It’s going to take five or 10 more years of development before we get to where we all want to go.” He went on to add that Facebook would have to spend $3 billion on the tech in order to bring the computing experience to a level fit for mass consumption.”

Oculus previously faced issues over shipping delays of its VR headset following its launch in March 2016. Then, in December, the company’s CEO, Brendan Iribe, stepped down form his position to lead its PC VR division.

Editors' Recommendations

Saqib Shah
Former Digital Trends Contributor
Saqib Shah is a Twitter addict and film fan with an obsessive interest in pop culture trends. In his spare time he can be…
How to convert WMA to MP3 on Mac, Windows, and Web
The JBL Tune 760NC wireless headphones on someone's head.

Remember when Windows Media Player ruled the earth? Before the world was inundated with versatile playback tools like VLC and countless other platforms, most users flocked to the built-in OS media players provided by Windows and Apple (the latter being the minds behind QuickTime). In fact, you’ve probably come across a handful of WMA files in your life of using computers.

Read more
The 6 best laptops for realtors in 2024
Asus Zenbook 14 OLED front view showing display and keyboard.

If you're a realtor, trying to find a good laptop can be just as challenging as finding the perfect home for your clients. Not only do you need something that looks professional and can withstand the daily demands of the modern work environment, but it also needs to be portable and durable. After all, there's a good chance you'll be lugging it around with you to your showings, so a clunky laptop simply won't cut it.

That means you'll need a laptop that's portable, reliable, responsive, and boasts a professional design that'll impress your clients. That's quite the checklist – but thankfully, there are plenty of great laptops for realtors that fit all these criteria.

Read more
The most common Skype problems and how to fix them
best mac apps for small business skype

Skype is an excellent option for video chats with your friends and family or conducting a videoconference call with your colleagues.  However, Skype is not without its bugs, hiccups, and issues that can make getting face-to-face with someone seem like an ordeal. To make things easier on everyone, we've compiled a selection of the most common Skype problems and how to fix them.
Video not working
If you can't get your camera to work or experience issues seeing other's connections, you might as well be using an actual telephone instead of Skype. Thankfully, these issues can usually be resolved with a bit of tinkering on your end, or they may just be service disruptions on Skype's end.

One of the more common problems that crop up is visual issues due to Skype not having access to your PC or phone's camera. For desktop users, open the Skype application and select the Three horizontal dots near the notification bell icon to access the Skype menu. Select Settings > Audio and video. If your picture fails to appear in the Skype camera preview window, you'll know there's a connection issue.

Read more