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Oculus co-founder Brendan Iribe joins exodus from Facebook

SAN FRANCISCO (AP) — A co-founder of Facebook's virtual-reality division is joining the exodus of executives to leave the company after striking it rich in lucrative sales of their startups.

Oculus co-founder Brendan Iribe disclosed his decision to leave Facebook in Monday tweet, as well as a post on his Facebook page. His departure comes 2 1/2 years after Facebook parted ways with Oculus' other co-founder, Palmer Luckey.

Both Iribe and Luckey joined Facebook in 2014 after selling Oculus to the company for $2 billion. Iribe had been Oculus' CEO until 2016 when he... Read More

Netflix to borrow another $2B to pay its programming bills

SAN FRANCISCO (AP) — Netflix plans to borrow another $2 billion to help pay for the exclusive series and movies that its management credits for helping its video streaming service reel in millions of new subscribers during the past five years.

The additional debt load announced Monday isn't a surprise. Netflix needs more cash because it has been spending more money than its business generates since its expansion into original programming with the 2013 release of "House of Cards."

Netflix expects to burn through $3 billion this year. The $2 billion that Netflix... Read More

Elon Musk says his transit test tunnel close to completion

HAWTHORNE, Calif. (AP) — Elon Musk says he's planning to offer the public free rides through a tunnel he bored under a Los Angeles suburb to test a new type of transportation system.

In a series of tweets Sunday, Musk said the tunnel is almost complete and there will be an opening event on the night of Dec. 10 and free rides for the public the next day.

The tunnel runs about 2 miles (3.2 kilometers) under the streets of Hawthorne, where Musk's SpaceX headquarters is located.

Musk has described a system in which vehicles or people pods are moved on... Read More

OECD predicts unsustainable rise in use of raw materials

BERLIN (AP) — The Organization for Economic Cooperation and Development is warning that the world's consumption of raw materials will rise sharply, putting greater pressure on the environment.

The Paris-based think tank said Monday that with a growing global population and rising living standards, the amount of raw materials used each year will increase to 167 gigatons by 2060, from 90 gigatons today.

The OECD says increased extraction and processing of wood, oil, gas, metals and building materials "is likely to worsen pollution of air, water and soils, and... Read More

Trump space force plan is grounded in real needs but hazy

WASHINGTON (AP) — With his demand that the Pentagon create a new military service — a Space Force to assure "American dominance in space" — President Donald Trump has injected urgency into a long-meandering debate over the best way to protect U.S. interests in space, both military and commercial.

At the same time, his approach has left many struggling to understand the basics, such as what a Space Force would do and how much it might cost.

The Pentagon is expected to have enough details filled out by early next year to include a Space Force plan in its... Read More

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Oculus co-founder Brendan Iribe joins exodus from Facebook

Netflix to borrow another $2B to pay its programming bills

Elon Musk says his transit test tunnel close to completion

OECD predicts unsustainable rise in use of raw materials

Trump space force plan is grounded in real needs but hazy

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