Facebook Inc. (NASDAQ:FB) has recently acquired a Virtual Reality Application Oculus which is worth $2 billion. This acquisition of a VR system by Facebook has also propelled Google Inc. (NASDAQ:GOOG) to show interest in virtual reality applications, which are operated by a distinct Android system. Google Inc. (NASDAQ:GOOG) has planned to enter the arena of VR and compete in this field.
Sources within Wall Street Journal claim that Google Inc. (NASDAQ:GOOG) has assigned the task of initiating its virtual reality project to a group of engineers working as a team. Sources also claim that the number of engineers and other personnel working on this VR project is worthy of consideration. Furthermore, Google Inc. (NASDAQ:GOOG) also has plans of launching this VR Operating System just like it has previously released its original version of Android system. This strategy of the company will bring this OS within easy access of the public, thereby allowing more apps to be made, and as a consequence a myriad of tests could be conducted on this new operating system.
Although there is a great potential in VR for the development of game, but since at present, the technology is at the initiation of its progressive journey, therefore only a few games possess Virtual Reality compatibility. Another important issue in this regard is that majority of the companies have still not launched their devices powered by Virtual Reality appliances. A probable reason for this is that, they are still in the process of further investigation into this technology. Samsung Electronics (KRX:005930) is the only company which has come forward with its Virtual Reality Gear Headsets.
Yet, this doesn’t imply that no projects are being developed on VR. A lot of work has been done and is still in process, on VR, by Oculus. Moreover, there are also speculations that Sony Corporation (NYSE:SNE) would soon be launching its Morpheus headset, powered with VR, to be used with Play Station 4.
A conference was called in San Francisco, by International Game Developers, in which both these headsets were scrutinized. Oculus had more developers on its board, and owing to this reason, it had a preference. However, it was asserted that still more work had to be done on Morpheus. This was because, its developers were apparently not compatible with PS4. Furthermore, doubts were also voiced regarding the compatibility power of PS4’s present engine and other specifications, to virtual reality technology.
Microsoft Corporation (NASDAQ:MSFT) has also not lagged behind in this race of virtual reality, since it is also in the process of development of its own device, called as ‘Hololens’.
On the other hand, Google Inc. (NASDAQ:GOOG) has launched a full-fledged project on virtual reality. It is working on a tablet which deploys this technology of virtual reality. It has also come up with a game called ‘Ingress’. This game enables its players to complete their aims by visiting various locations of the cities and interacting with various objects.
Jeremy Doig and Clay Bavor head this team which has been put together by Google Inc. (NASDAQ:GOOG) to work on its virtual reality project.
