Virtual Reality is for sure, the next big thing in the tech world, and is going to be in the news for many years to come. The idea of being at a place and feeling everything of the environment by sitting in your home has amazed everyone. Facebook Inc (NASDAQ:FB) seems to be the pioneer in the VR market, but that is not the case in reality. An article on CNBC reported that Google Inc (NASDAQ:GOOGL) is also investing massively on the Virtual Reality domain. Facebook Inc (NASDAQ:FB) spent $2 billion to get Oculus VR startup but Google Inc (NASDAQ:GOOGL) seems to have achieved a lot in almost no investment: Google Cardboard project.
The source said that Google Inc (NASDAQ:GOOGL) has already shipped around 500,000 units of VR cardboard. Apart from Google Inc (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB), there is a plethora of startups which are now crafting out their business plans around Virtual Reality.
The source mentioned an investor, who is giving $100,000 investment to 10 startups that are going to launch smart, VR-based solutions from different sectors ranging from medical science, education and tech.
In 2014, only $54 million was invested in Virtual Reality. The source quoted an investor Mike Rothenberg, who thinks that Virtual Reality startups are unable to impress Venture capitalists as of now.
Google Inc (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB) are much enthusiastic about VR because they are the pioneers of anything new. Although Virtual Reality is a nascent market, it will be everywhere in the coming years.
Ken Griffin holds 4.58 million shares worth $307.87 million of Facebook Inc. (NASDAQ:FB).