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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
TechSamsung

Samsung Is Working On New Virtual Reality Technology

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Jonathan Vanian
Jonathan Vanian
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By
Jonathan Vanian
Jonathan Vanian
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April 27, 2016, 8:36 PM ET
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Samsung may be developing a new virtual reality headset.

The electronics giant said during its annual developer conference in San Francisco on Wednesday that it’s working on new virtual reality projects that are more advanced than its current Samsung Gear VR headset that requires a Samsung smartphone to operate.

Injong Rhee, Samsung’s executive vice president of software for its mobile business, said that the company is “working on wireless and dedicated VR devices” that won’t require that a mobile phone be attached. Samsung partnered with virtual reality device maker Oculus, which is owned by Facebook, to create the Gear VR, which was released in November.

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Compared to other virtual reality devices on the market like Facebook’s (FB) Oculus Rift and the HTC Vive, which retail at $600 and $800 respectively, Samsung’s Gear VR is significantly cheaper, although it lacks the many features than more high-end devices.

Rhee said that the new devices would incorporate gesture and motion tracking, which would let users interact in their virtual environments without having to use a controller. Additionally, he said Samsung is researching ways to cut back on the dizziness that many people experience when using a VR device.

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“You’ll see a lot of products hitting the market with these capabilities,” Rhee said without saying when the devices would be available.

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By Jonathan Vanian
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Jonathan Vanian is a former Fortune reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

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