In an interview with the Gaming Business Review, an online site ran by M2 Publishing, Tim Sweeney detailed recent developments in Epic Games, as well as his visions of the future.

The interview obviously took place during Game Developer’s Conference 2015, which is traditionally held in San Francisco, CA. We highly recommend that you head there and read the whole interview, but we could not miss out on a question that is shaping the industry right now:

GBR: How big do you see virtual reality becoming over the next five to ten years as a business?

TS: Virtual reality and Augmented Reality will literally change the world. They will be the next computing platform.  There’s a market for billions of these devices because everybody who has a smartphone today will — perhaps in as much as decade from now — much prefer entertainment in a completely immersive experience that takes advantage of your entire field of view and has full body input through miniaturized cameras and other technologies.  But we’re in the early days of it now.  Let’s be clear, everything is in the development kit stage.  It is for early adopters and what we’re seeing now is really just the Palm Pilot to the platform that will evolve into something iPhone-like in its quality.

There’s no point in denying it, after seeing billions of dollars earned by 3D movies which rely on ‘cheap tricks’ to achieve depth (try finding animated feature movies without 3D being the ‘default’ option), next step will bring us technologies such as Microsoft Hololens, production versions of Facebook-owned Oculus VR (John Carmack keynote) and second-generation Google Glass, which is developed in near-secrecy by the search giant and a practical monopoly in glasses, Italian giant Luxottica.

After operating for almost 20 years as an independent studio, Epic Games made waves across the gaming and development community when they accepted an investment from Tencent Holdings (HKG:0700) last June (2014). The Chinese powerhouse paid up $330 million for 48.4% of the company, setting the valuation just a bit below $680 million.

Tim Sweeney continued to be the CEO, while his lifelong business partner Mark Rein still continues as in his role of Vice President.  Not selling themselves outright like idSoftware did with ZeniMax Media, Epic Games continues to be independent studio, consisting out of product (games) and technology development units. Their recent announcement about making Unreal Engine ‘free’ opens a path for even more ‘premium freemium’ titles which base their revenue model on microtransactions.

The post Tim Sweeney: Virtual Reality will Literally Change the World appeared first on VR World.

When I found out that I’m actually going to Computex Taipei 2014, my first thought was – well, nothing. The fact is that through all of my journalist years I’ve heard news bits about an IT conference that is held in Taiwan every year for the last 33 years. Somehow, I couldn’t imagine myself being actually there on that very spot. I’m aware that as for all of you BSN readers, I don’t have to explain what it’s all about. Somehow though, I still like to think that I’m not the only one who’s been IT ignorant so maybe this typically chick-lit text will find its readers.

Computex Taipei 2014 Intro Page

If you’d ask someone who knows me in person, they would probably call me a geek. A girl, but, still a geek. It is true though, that even I am a great final user of many gizmos and gadgets, I couldn’t call myself a geek. Nowadays, when a girl needs a huge amount of gadgets and related applications, it is practically impossible to stay a total idiot. Or lives under a rock.

In that way I’m pretty much trying to go along with the news in the IT industry. For me, the most important thing that a gadget should have is accuracy. I want my mobile/laptop/tablet (etc.) to act fast, be accurate, simple to use and – to look nice. It’s not the matter of benchmarks, which as we know – today can be owned by the manufacturers of the said gadgets.

Yes, I can understand some guys drooling over some really ugly (but still very cool, expensive, hip, mega extra wanted) notebook as it was some hot chick from AVN Expo. Still, for me, my gadgets have to be pretty, and has to match my other accessories and has to be noticed.

That is way I’m pretty happy because of attending of this years’ Computex. I you consider that it’s my peer, and that every year it gathers top ICT elite, different innovators and entrepreneurs from all of the world – I believe that there is a hope of finding some very cool and useful stuff. As organizers announced during their press conference, this Computex should be impressive for launching the new ‘SmarTech’ area featuring smart wearables, 3D printing and the rest of the smart technology at all levels of everyday life. Who knows, maybe 3D printing opens our ways to some new fashion era.

Teuta wearing Google Glass at the W Taipei Hotel.

All in all, through the next few days, I will be there having my Google Glasses on – assuring that nothing comes out of my way. And of course, I’ll be in my feminine way informing you on what have I learned and found out.

The post Computex from a Woman’s Perspective, Part I appeared first on VR World.