Is Virtual Reality the Next Big Platform?

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March 25 (Bloomberg) -- Bloomberg Contributing Editor Paul Kedrosky and Bloomberg's Cliff Edwards discuss Facebook buying virtual-technology company Oculus VR for $2 billion. They speak on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

On your face is so powerful, but it does not exactly look like a social product.

What is your take on this?

I think a bunch of things are going on.

It is the emergence of a virtual world as a new environment for interacting with social.

The other is i have to imagine this was hotly competitive.

When facebook spends what seems like and i bleed amount of money, it is probably because a lot of people were bidding i bleed it -- eye bleed minus a little bit.

It isoculus is getting a huge amount of attention because of the demos and the impression that someone cracked the knot and done it in a way that it is not a novelty.

The idea of er has been around for 25 years.

-- vr has been around for 25 years.

Is this different from other game makers over the years who have tried things like this?

Yes.

What you're seeing is the technology is there right now.

The machines are powerful enough.

The equipment yourself -- you can do positional tracking.

It is much more in the picture.

It is smoother, more reactive.

You feel part of the scene that they put you in.

It is really interesting that way, they are really trying to make sure that you feel part of the system.

Do you feel that virtual reality could be the next big platform like mobile is today, or is that way far out?

It is interesting.

If you look at what mark mentioned in buying this in his blog, he is saying that, look, we are recognizing that mobile is there.

They're climbing into the share of gaming.

The oculus will be a big gaming platform.

Once sony jumped in, there will be wait i did.

Sony will put effort behind it and he realized that this is a market that this will go somewhere.

Sony is doing well the playstation 4. they said the game developer's conference last week that this is where they're putting their way.

Zynga was a big growth platform.

Do you think when they see oculus, their single glass -- they are seeing a google glass?

Yes.

I don't see them spending $2 billion straight up for a billion -- a gaming platform.

I think this is one-upsmanship.

You think it is defensive?

I do.

I think it is a great win.

It is a fantastic venture deal for the early stage investors.

We are going to be talking more about gaming coming up.

Also, peter fenton of benchmark

This text has been automatically generated. It may not be 100% accurate.

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