Oculus VR CEO donates $31 million to a University for a VR lab

Oculus VR is pushing for the future of VR to be awesome, so what better way than donating millions of dollars to a University to build a new VR lab? That's exactly what Brendan Iribe, CEO of Oculus VR has done, donating $31 million to the University of Maryland.

The money will be used to build a new computer science building that will feature a VR lab. Iribe had the idea of donating the funds after the acquisition made by Facebook in March of this year for $2 billion, after he met with Facebook CEO and founder Mark Zuckerberg, where he walked around the University and noticed that not much had changed around the place.

Iribe met Michael Antonov at the time, who is now the Chief Software Architect of Oculus VR, who will be donating $4 million the university to help with the construction of the building, and establish a scholarship. Iribe spoke with Business Insider, where he said: "It will have a big focus on robotics and computer vision, computer graphics, and human computer interaction. In the past, computers have been used regularly as a tool, so you don't need to bring in psychologists or the biotech side of things to understand how the computer affects the brain in order to make a great operating system. But in VR, you actually do".