Finding new streams: Facebook has increasingly sought to find new revenue streams outside its traditional advertising model. — Reuters
WASHINGTON: Facebook Inc's hardware development division on Dec 21 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 signalled last month it had begun to hit some advertising growth limits on its network of 1.8 billion monthly active users.
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