Facebook will invest over $3bn over the next 10 years.
Mark Zuckerberg, CEO of Facebook, envisions virtual reality as the future of his company. Yet, he admits that it may take from 5 to 10 years to make the technology available to the masses.
It has already been almost 3 years since Facebook acquired Oculus, virtual reality headset and its software components. Yet so far no noteworthy developments followed. In fact, Facebook is still trying to sort out some copyright issues related to Oculus. Zuckerberg was recently giving testimonies in the court about origins of the technology, which social network purchased in March 2014. The case is based on a claim that Oculus secretly obtained some information from ZeniMax. The information is believed to play a major role in the creation of the very basics of Oculus Rift. Now when the development looks promising and about to start bringing its pecuniary benefits, ZeniMax feels a certain emptiness in their heart, which they seek to fill with $2bn, claimed compensation in this case.
Mark Zuckerberg refutes all the accusations of stealing the information. During a short meeting with journalists after the attending the court, he shared some insights on future Oculus’ destiny. Facebook will invest another $3bn during the next 10 years into virtual reality, while approximately the same amount of money has already been spent on it.