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Why Facebook Is Betting on Virtual Reality as the Next Big Thing

By March 26, 2014March 24th, 2020Newswires

By Julianne Pepitone

First, computers took over our lives. Then came mobile devices. Now, Facebook is betting virtual reality will become just as inextricable from our daily routine.

Facebook announced Tuesday that it will buy Oculus VR, maker of the most advanced virtual-reality headset. It’s a $2 billion vote of confidence that augmented reality will be the next major computing platform — in our homes, classrooms, doctor’s offices, research labs, sports arenas and more.

“Facebook spending $2 billion is huge validation for the immersive-technology community,” Neil Schneider, executive director of the nonprofit Immersive Technology Alliance (ITA), told NBC News. “It’s affirmation that there’s a committed future.”

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