HTC and the Shenzhen Municipal Government announced plans to set up a joint China VR Research Institute, creating a 10 billion RMB (~$1.45 billion USD) Shenzhen VR Investment Fund to accelerate the development of the VR industry in China. China’s third largest city and one of the fastest growing in the world with a population of...
A few months ago we interviewed Bethesda’s VP of Marketing, Pete Hines, about the company’s ambitions and plans for virtual reality — including Fallout 4. He was decidedly cautious and was careful not to say too much, a sentiment that’s often reflected throughout Bethesda’s senior leadership, and is a big reason why they maintain such a...
I really don’t understand what happened in the brainstorm meeting that led to the creation of the NBA 2KVR Experience that released today on HTC Vive, PlayStation VR, and Samsung Gear VR. The premise is sound: bring one of the most well-known sporting franchises to VR with an officially licensed game from the publishers of the...
The global construction market will hit $10.3 trillion in 2020, and it’s a field where mistakes are costly: rework typically makes up 12 percent of project costs, reaching tens of millions of dollars on big projects. But augmented reality can change that, which is why construction is one of the first industries starting to explore...
It was well over a year ago that the promise of Xbox streaming to the Oculus Rift was first promised by Phil Spencer during a June 2015 press event in San Francisco. The idea was to allow your Rift to function as a highly immersive monitor for your Xbox console. Every game or Netflix binge...
Virtual reality, at its most efficient, can save companies time and money with its digital spaces. VR can supply immersive meeting spaces with a level of interaction not available to phone or even video conference calls. Those digital areas can even be shaped to test tools, ideas, and take risks that would otherwise be financially...
From November 24th to the 28th, purchases of an Oculus Rift headset through Best Buy will be eligible for $100 of Oculus Store credit which can be spent on Rift and Gear VR games and apps. This Black Friday and Cyber Monday, prospective VR adopters will see the first discounts on newly launched headsets. In...
Mixed reality is one of the most impressive uses of virtual reality technology we’ve seen so far. By using a green screen and inventive camera setup, users can project the game world to the screen and let it surround the player — as if they are actually standing inside the VR experience itself. This not...
Virtual Reality is quickly moving beyond novelty experiences and showing its potential for enabling new types of social interaction. But which platform(s) will be the one to make that happen? What sort of experiences will they enable, and will those turn out to be the kind of experiences we actually want? It’s unlikely that VR...
With the biggest shopping and sales day of the year quickly approaching, planning what to buy and where to buy it is more important than ever. Especially in the United States, people around the country will start lining up outside the biggest retailers such as Walmart, Target, Best Buy, and more getting ready to make...
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