Facebook Inc chief executive Mark Zuckerberg on Tuesday took the witness stand in Dallas federal court and denied an allegation by a rival company that the virtual-reality (VR) technology of Facebook’s Oculus unit was stolen.
Zuckerberg 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 US$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.
During one heated exchange with ZeniMax lawyer Tony Sammi, Zuckerberg told a jury in the crowded courtroom that the technology was not even fully formed when Facebook bought it.
“Improving on that technology doesn’t make it yours,” Sammi said. “If you steal my bike, paint it and put a bell on it, does that make it your bike?”
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 firm’s future business, especially as the technology becomes less expensive and its uses clearer.
The Oculus acquisition was more expensive than the US$2 billion price tag indicated, Zuckerberg said in court, describing US$700 million spent to retain employees and US$300 million in payouts for reaching milestones.
Oculus originally wanted US$4 billion, he said.
Sammi questioned whether Facebook knew what it was doing when it made the acquisition. Zuckerberg said the Oculus deal was done over a weekend in 2014, which Sammi said did not show sufficient due diligence. Zuckerberg said, though, in later testimony that Facebook researched Oculus for months.
At the time, 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,” Zuckerberg said.
On the stand, he also gave details about Facebook’s US$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, Zuckerberg said, but WhatsApp declined because of its good relationship with Facebook.
The Oculus lawsuit, in 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, Carmack worked for id Software LLC before that company was acquired by ZeniMax. He is now the chief technology officer at Oculus.
Zuckerberg denied that Carmack has unfairly used computer code from his previous position.
“There is no shared code in what we do,” he said.
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.
In Italy’s storied gold-making hubs, jewelers are reworking their designs to trim gold content as they race to blunt the effect of record prices and appeal to shoppers watching their budgets. Gold prices hit a record high on Thursday, surging near US$5,600 an ounce, more than double a year ago as geopolitical concerns and jitters over trade pushed investors toward the safe-haven asset. The rally is putting undue pressure on small artisans as they face mounting demands from customers, including international brands, to produce cheaper items, from signature pieces to wedding rings, according to interviews with four independent jewelers in Italy’s main
Japanese Prime Minister Sanae Takaichi has talked up the benefits of a weaker yen in a campaign speech, adopting a tone at odds with her finance ministry, which has refused to rule out any options to counter excessive foreign exchange volatility. Takaichi later softened her stance, saying she did not have a preference for the yen’s direction. “People say the weak yen is bad right now, but for export industries, it’s a major opportunity,” Takaichi said on Saturday at a rally for Liberal Democratic Party candidate Daishiro Yamagiwa in Kanagawa Prefecture ahead of a snap election on Sunday. “Whether it’s selling food or
CONCERNS: Tech companies investing in AI businesses that purchase their products have raised questions among investors that they are artificially propping up demand Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday said that the company would be participating in OpenAI’s latest funding round, describing it as potentially “the largest investment we’ve ever made.” “We will invest a great deal of money,” Huang told reporters while visiting Taipei. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” Huang did not say exactly how much Nvidia might contribute, but described the investment as “huge.” “Let Sam announce how much he’s going to raise — it’s for him to decide,” Huang said, referring to OpenAI
Nvidia Corp’s negotiations to invest as much as US$100 billion in OpenAI have broken down, the Wall Street Journal (WSJ) reported, exposing a potential rift between two of the most powerful companies in the artificial intelligence (AI) industry. The discussions stalled after some inside Nvidia expressed concerns about the transaction, the WSJ reported, citing unidentified people familiar with the deliberations. OpenAI makes the popular chatbot ChatGPT, while Nvidia dominates the market for AI processors that help develop such software. The companies announced the agreement in September last year, saying at the time that they had signed a letter of intent for a strategic