Google has invested 2 million in the augmented-reality startup Magic Leap, while Sony and Samsung are both developing virtual-reality headsets, according to .
Much was made of Facebook's billion purchase of VR Kickstarter darling Oculus Rift last March, as Mark Zuckerberg made it clear that the company was playing the long game: “One day, we believe this kind of immersive, augmented reality will become a part of daily life for billions of people.”, followed by a lunchtime spelunk through Thailand’s water caves.
Despite mass media interest from publications like , the technology wasn’t there—or it was too expensive—and the audience was a tad too niche.
In Silicon Valley, in 1985, a ragtag band of programmers began exploring the concept of virtual reality from a tiny cottage in Palo Alto.
Spearheaded by the 24-year-old Jaron Lanier, VPL Research helped make VR a buzzword in the mid-to-late 80s and earned substantial investment, before filing for bankruptcy at the decade’s end.
In other words, it's a sort of hybrid between Badoo and Chatroulette.
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