Oculus Denies It Stole Virtual Reality Technology

by Karl Utermohlen | May 5, 2014 2:47 pm

Oculus is denying ZeniMax’s allegations of stealing intellectual property from the company.

Oculus[1]The virtual reality company is responding[2] to ZeniMax’s claims that the company used ZeniMax’s technology to create its Rift VR headset. These claims were made after Facebook (FB[3]) acquired Oculus for $2 billion in March.

ZeniMax’s allegations came to light after former employee John Carmack moved to Oculus and improperly shared intellectual property with the company.  “Oculus uses zero lines of code that I wrote while under contract to Zenimax,” he said.

Cormack added that he left ZeniMax after the company prevented him from working on virtual reality projects. He is Oculus’ chief technology officer now.

FB stock is up about 1.2% Monday.

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  1. [Image]: https://investorplace.com/wp-content/uploads/2014/05/Oculus.jpg
  2. is responding: http://www.usatoday.com/story/tech/gaming/2014/05/05/oculus-zenimax-rift/8716517/
  3. FB: http://studio-5.financialcontent.com/investplace/quote?Symbol=FB
  4. Monday Apple Rumors: No Hardware Reveals at Upcoming WWDC: https://investorplace.com/2014/05/monday-apple-rumors-hardware-reveals-upcoming-wwdc/#.U2fchyi5J8E
  5. AMZN: Amazon Opens Wearable Technology Store: https://investorplace.com/2014/04/amzn-amazon-wearable-technology/#.U2fciyi5J8E
  6. 7 Tech Trends Changing the World Today: https://investorplace.com/2014/04/tech-trends-cloud-computing-ecommerce-healthcare/#.U2fcfSi5J8E

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