When the founder of Oculus VR explained why he agreed to sell the company to Facebook, he said that the latter would be able to invest sufficient amount of money in the development of virtual reality technologies in general. Apparently, Mark Zuckerberg is ready to invest heavily in the VR technology as he believes that this may be one of the major future computing platforms.
“One of the things I care really deeply about, on kind of a 10-year arc for the company, is having a different relationship to whatever the next set of computing platforms are and investing accordingly now to make sure when the next set of computing platforms get defined, we can help define of what the next generation of computing is going to be,” said Mark Zuckerberg, chief executive officer of Facebook, during this week’s earnings conference call with financial analysts and investors.
While it is not cast in stone that virtual reality and augmented reality technologies will get crucially important in the next 10 years, there is such a possibility and therefore Facebook will invest significantly in those technologies to stay relevant.
“I think virtual reality, augmented reality, vision, some of the AI work that we’re doing is all going to play into this in an important way,” said Mr. Zuckerberg. “We are also going to spend a lot and invest very heavily in a bunch of these things to do it right over the long term. […] We expect to continue investing heavily and that our costs will increase.”
Earlier this year Facebook said that it wants to drive virtual reality beyond gaming to such markets as communications, media and entertainment, education and other. With massive investments, it will be possible to do that.
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KitGuru Says: It is good to see that Facebook is not afraid of increasing its costs to stay relevant a decade from now. It will be very interesting to see where Facebook’s money and efforts will take virtual reality technologies.