How Cutting-Edge Technology & Science Are Powering The Future TPM Idealab

NEW YORK (AP) — Facebook is buying virtual reality company Oculus, betting $2 billion that its technology will become a new way for people to communicate, learn or be entertained.

"This is a long-term bet on the future of computing," said Facebook Chief Executive Mark Zuckerberg Tuesday on a call with analysts. "I believe Oculus can be one of the platforms of the future."

Irvine, Calif.-based Oculus VR Inc. makes the Oculus Rift, a virtual reality headset that's received a lot of attention from video game developers, though it has yet to be released for consumers. The headsets cover a user's eyes and create an immersive world that reacts to turning one's head or moving back and forth.

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SAN FRANCISCO (AP) — Billionaire Warren Buffett has established his credentials as a savvy money manager, but Internet trailblazer Marc Andreessen doubts the stock market sage knows much about financial innovations such as the virtual currency bitcoin.

The wild swings in bitcoin's value during recent months prompted Buffett, 83, to dismiss the currency as a "mirage" during an interview on the financial news channel CNBC earlier this month.

The putdown irked Andreessen, who is now running a Silicon Valley venture capital firm that has invested about $50 million in startups betting that bitcoin will continue to catch on as an alternative payment system around the world.

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ANKARA, Turkey (AP) — A Turkish court ordered the telecommunications authority to restore access to Twitter on Wednesday, issuing an injunction five days after the government blocked access to the social network.

The ban came shortly after Prime Minister Recep Tayyip Erdogan threatened to "rip out the roots" of Twitter, which has been a conduit for links to recordings suggesting government corruption. Turkey holds crucial local elections Sunday, widely regarded as a referendum on Erdogan's rule.

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NEW YORK (AP) — At a time when Facebook, Twitter and LinkedIn are pushing people to put forward their most polished, put-together selves, a new class of mobile applications aims for a bit more honesty.

Among the latest is Secret, created by two former Google engineers who were looking for a way to let people deliver genuine feedback to co-workers. With the app, friends and friends of friends can share their deepest and darkest thoughts, along with gossip, criticism and even plans to propose marriage, under a cloak of near-anonymity.

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ANKARA, Turkey (AP) — Turkey's prime minister has threatened drastic steps to censor the Internet, including shutting down Facebook and YouTube, where audio recordings of his alleged conversations suggesting corruption have been leaked in the past weeks, dealing him a major blow ahead of this month's local elections.

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