Facebook Inc (NASDAQ:FB) is gearing up to land the computer hardware industry. It trembled the hardware giants like Cisco three years ago when it announced that it will launch its Open Compute Project which will change the hardware markets radically. Open Compute Project aims to open source the way we design and buy computer hardware. An article on Business Insider reported that after three years, OCP has come up with its first startup incubated and trained by people who actually participated in the launching of Facebook Inc (NASDAQ:FB). The startup is called ‘Coolan’ and the people who are behind this venture are the ones who help craft Facebook Inc (NASDAQ:FB)’s data centers.
The source said that almost every major tech company is getting huge benefits from Facebook Inc (NASDAQ:FB)’s hardware project OCP. In the start, Cisco, Microsoft and Amazon were skeptical about this project. Google, Microsoft and Amazon do not open source their hardware designs of data centers whereas Facebook Inc (NASDAQ:FB) has come up with a radically innovative idea, which is to open source the hardware designs.
The source claimed that many companies are changing their designs based on the feedback and hardware designs they get after using Facebook Inc (NASDAQ:FB)’s OCP.
Facebook Inc (NASDAQ:FB) is now frantically looking to monetize the open source hardware platform. The source quoted Riot Games, a gaming startup which says that OCP has depleted their costs. The community factor inculcated by Facebook Inc (NASDAQ:FB) in the hardware domain for the first time can give birth to a whole new lot of ideas in the upcoming data center business.
David Tepper’s Appaloosa Management Lp owns around 600,000 Google Inc (NASDAQ:GOOGL) shares.