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HomeTechnologyZuckerberg Denies Stealing Oculus Technology To Create VR Experience

Zuckerberg Denies Stealing Oculus Technology To Create VR Experience

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Mark Zuckerberg, the chief executive of Facebook, took the witness stand in Dallas federal court on Tuesday and denied an allegation by a rival company that the virtual-reality technology of Facebook’s Oculus unit was stolen.

Mr Zuckerberg, the founder of one of the world’s largest companies, faced hours of tough, public questioning about where Oculus obtained its ideas and how much he knew about the startup when Facebook bought it for $2 billion.

A jury is hearing evidence in a civil lawsuit brought by videogame publisher ZeniMax Media Inc against Oculus in 2014, in the middle of the Facebook-Oculus deal. ZeniMax said that Oculus unlawfully used its intellectual property to develop the virtual-reality system that includes the Rift headset.

“Improving on that technology doesn’t make it yours,” Mr Sammi countered. “If you steal my bike, paint it and put a bell on it, does that make it your bike?”

Mr Zuckerberg, wearing a dark suit and striped tie rather than his typical T-shirt and jeans, answered, “no,” but then added: “The idea that Oculus technology is based on someone else’s is just wrong.”

The 32-year-old Facebook founder has spoken about virtual reality as an important part of the company’s future business, especially as the technology becomes less expensive and its uses clearer.

virtual reality Zuckerberg

The Oculus acquisition was more expensive than the $2 billion price tag indicated, Mr Zuckerberg said in court, describing $700 million spent to retain employees and $300 million in payouts for reaching milestones. Oculus originally wanted $4 billion, he said.

Mr Sammi questioned whether Facebook knew what it was doing when it made the acquisition. Mr Zuckerberg said the Oculus deal was done over a weekend in 2014, which Mr Sammi said did not show sufficient due diligence. Mr Zuckerberg said, though, in later testimony that Facebook researched Oculus for months

At the time, Mr Zuckerberg testified, he was not aware of any theft claims against Oculus.

“It’s pretty common when you announce a big deal that people just come out of the woodwork and claim they own some part of the deal,” Mr Zuckerberg said.

On the stand, he also gave details about Facebook’s $22 billion purchase of messaging service WhatsApp in 2014. While the deal was in progress, another company he did not identify made a last-minute bid that was higher, Mr Zuckerberg said, but WhatsApp declined because of its good relationship with Facebook.

The Oculus lawsuit, on the sixth day of a jury trial, relates in part to programmer John Carmack.

Well-known for helping to conceive games such as “Quake” and “Doom,” Mr Carmack worked for id Software LLC before that company was acquired by ZeniMax. He is now the chief technology officer at Oculus

Mr Zuckerberg denied Mr Carmack has unfairly used computer code from his previous position. “There is no shared code in what we do,” he said.

Mr Zuckerberg said he has been interested in virtual reality since he was a student, but thought it was decades away from happening before he encountered Oculus. He told jurors how he used virtual reality to capture his daughter’s first steps, so her grandparents could experience it later.

“We want to get closer to this kind of perfect representation, so you can capture a moment you had,” he said.

Article Originally Published @ Telegraph

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Tycoonstory
Tycoonstoryhttps://www.tycoonstory.com/
Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there.
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