Virtual reality

Inside Intel's big bet on Virtual Reality sports

A producer edits a 360-degree highlight.
A producer edits a 360-degree highlight. Photo: Ina Fried/Axios

As 49ers quarterback Nick Mullens threw for his first NFL touchdown Thursday night, a 2-man video crew from Intel was scrambling to create a 360-degree highlight so that Fox could broadcast it minutes later.

Why it matters: The immersive highlight is the latest evolution of technology Intel has been working on for the past couple of years, beginning with its 2016 purchase of Israel's Replay Technologies. Intel has bet big on sports, with then-CEO Brian Krzanich telling Axios last year that he saw it as a potential billion dollar business in the coming years.

Cofounder leaves Facebook's Oculus

Photo of Oculus co-founder Brendan Iribe holding a virtual reality headset.
Brendan Iribe. Photo: Ramin Talaie/Corbis via Getty Images

Oculus co-founder Brendan Iribe is leaving the virtual reality company four years after Facebook acquired it, Iribe wrote in a post on Facebook. He plans to take time off.

Why it matters: Iribe is the latest founder of a Facebook acquisition to leave the company in the last year or so, following both of WhatsApp's founders and both of Instagram's. Another Oculus co-founder, Palmer Luckey, left the company last year after controversy surrounding his donation to an anti-Hillary Clinton group.

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