Oculus CEO Quits; takes charge of PC VR Organization

Virtual reality company Oculus is currently undergoing a revamp.  This comes after the CEO of the said virtual reality corporation, Brendan Iribe, has announced his decision to step down from his position to head a new section of the same company.

Oculus will be dissolved as a unit, and would be forming 2 separate groups with different focuses. One would prioritize developing VR developed to be powered by Desktop Computers. The other group would focus on developing the same technology for smartphones. The former CEO would then take charge of the PC division.

Developing Virtual reality has been a key priority for Silicon Valley. This is due to the challenges associated with the needed technology, as well as the chance to come up with an entirely new market for VR-specialized gadgets.

The market for VR is so lucrative, that it is projected that it would reach $5.4 billion in 2017. This is despite the possibility of generating profits difficult to get. Companies have already made the move. Examples of  these are Google with its Daydream View headsead, and Samsung with its Gear VR headsets.

During the acquisition of Oculus by Facebook in 2014, its CEO Mark Zuckerberg expressed his believe in VR being the next wave for computing. Oculus has its fair share of advancements itself with the Rift headset and other necessary device controllers.

Facebook CTO Mike Schroepfer would decide together with Thomason and Iribe on Oculus’ new leader. Iribe, for his new position, has stated that he would do what it takes to advance the VR state with computer vision, research and Rift.

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