Facebook moves ahead with agreement to streamline research of 17 top universities
None
Facebook Inc's hardware development division on Wednesday announced a new partnership with Harvard, Princeton and 15 other universities intended to allow swifter collaboration on technology research projects.
The agreement between Facebook's Building 8 and the universities comes as the social media company seeks to find new revenue streams in virtual reality and artificial intelligence, after the company signaled last month it had begun to hit some advertising growth limits on its network of 1.8 billion monthly active users.
Other participating universities include Stanford, Massachusetts Institute of Technology, California Institute of Technology, Georgia Institute of Technology, University of Illinois at Urbana-Champaign, Johns Hopkins University, Northeastern University, Rice, University of California-Berkeley, University of California-San Francisco, Georgia Tech, Virginia Tech, Arizona State University, Texas A&M University, and the University of Waterloo in Canada. (Reporting by Dustin Volz; Editing by Lisa Shumaker)
