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Futuremark Launches VRMark, the Newest Virtual Reality Benchmarking Tool for PC

Nov 04, 2016 02:38 PM EDT

Software development company Futuremark recently announced that it is launching a new service that will help users to determine whether their system is capable of running Virtual Reality contents.

LeEco ExploreVR Headset to be Available in the U.S. Soon

Phenny Lynn Palec |

Oct 20, 2016 09:24 AM EDT

Chinese tech company LeEco have already announced its intention to enter the United States market, with plans of releasing the first batch of its products and services in November. As part of this market expansion, LeEco recently revealed that it is also releasing its virtual reality headset into the U.S. market.

A new PlayStation VR is displayed at Sony Square NYC on October 13, 2016 in New York City.

China Tops PlayStation VR Pre-order in Asia

Charissa Echavez |

Oct 17, 2016 01:54 AM EDT

China has topped the pre-order volume for PlayStation Virtual Reality (VR) sets in Asia as console players sought first-hand experiences from the virtual reality device, China People's Daily reported.

Baidu Capital will create investments within a range of US$50 to US$100 million in internet companies.

Baidu Creates $3-B Internet Investment Fund

Ellie Froilan |

Oct 13, 2016 03:08 AM EDT

China-based search engine giant Baidu has set up an investment fund of 20 billion yuan ($3 billion) to finance mid and late-stage deals in the internet sector.

VR Pay is expected to launch commercially in China by the end of 2016.

Alibaba Unveils New Payment System that Asks Consumers to Just Nod Their Heads

Ellie Froilan |

Oct 13, 2016 02:41 AM EDT

Alibaba has unveiled its new payment system that will let shoppers in VR malls to pay for goods in the future by just nodding their heads.

Sony Addresses PlayStation VR’s Tracking Problems

Phenny Lynn Palec |

Oct 11, 2016 07:41 PM EDT

Sony has already addressed the tracking problems which consumers complained of about its PlayStation VR.

Psychedelic PlayStation VR Title ‘Thumper’ Rolls out Ahead of Schedule

Phenny Lynn Palec |

Oct 11, 2016 07:29 PM EDT

The highly-anticipated PlayStation VR port "Thumper" will be released way ahead of its original schedule.

Oculus and Harmonix Announce New ‘Rock Band VR’ Coming in 2016 to the Rift

Oculus Taps AMD, CyberPowerPC to Build Affordable VR-Ready PCs

Phenny Lynn Palec |

Oct 11, 2016 09:58 AM EDT

Oculus confirmed that it is collaborating with AMD and CyberPowerPC in a project that will produce VR-ready PCs for a significantly lower price tag.

‘Serious Sam VR: The Last Hope’ to hit Steam Early Access on October 17

Phenny Lynn Palec |

Oct 05, 2016 07:27 PM EDT

Croteam and Devolver Digital have announced that "Serious Sam VR: The Last Hope" will hit Steam Early Access on Oct. 17.

Best Buy to Hold Midnight Openings to Accommodate Sony PlayStation VR Launch

Phenny Lynn Palec |

Oct 01, 2016 12:09 AM EDT

The upcoming virtual reality headset from Sony, the PlayStation VR, is slated to go on sale on Oct. 13. For eager fans who want to get their hands into the device first, Best Buy will be holding a midnight launch on the same day.

Baidu Venture's initial stage will have US$200 million dedicated for AI projects.

Baidu Unveils $200M Venture Unit for AI Projects

Ellie Froilan |

Sep 14, 2016 03:16 PM EDT

Baidu has unveiled a US $200 million venture capital firm dedicated to virtual reality, augmented reality, and artificial intelligence (AI) projects.

MIT has introduced its latest technology called the MoVR, which allows VR headsets and computers to transmit and share data wirelessly.

FiresVR Looks to Develop Affordable, Accessible Virtual Reality Products

Phenny Lynn Palec |

Sep 14, 2016 12:50 PM EDT

Chinese virtual reality company FiresVR has announced its intention to make virtual reality more accessible and affordable to the general public. With its new Chief Executive Officer Lou Chi, who is a former Tencent employee, FiresVR is aiming to provide content and related technologies to VR hardware manufacturers.

Taiwanese VR Company iStaging Concludes $5 Million Funding Run

Phenny Lynn Palec |

Sep 07, 2016 05:08 PM EDT

Taiwanese virtual reality real estate company iStaging has closed a round of pre-A funding, amassing $5 million in new capital. The latest round of funding was led by WI Harper, along with Taya Venture Capital.