Mashable! - Facebook Launching New Technology Initiative [LIVE VIDEO]

Facebook is buzzing as it prepares to launch a “new technology initiative” with a group of partners from some of the world’s largest companies.

We’re here live at Facebook headquarters in Palo Alto, California for a press event. Executives from DreamWorks, VMWare, Fidelity, Delta, Dell, Apple and a sea of other companies are here for today’s launch.

We’re not entirely sure what Facebook will be launching today. We do have a few clues, though. There is a giant server rack in the center of the room, so it’s more likely an announcement about computing technology rather than product. The second clue is a tweet from Facebook asking people to tune in for the launch of “a new technology initiative.”

We’re about to find out what’s on Facebook’s agenda. Here is a live video feed of today’s event, along with my constantly updated note s:

Live Video: Facebook’s Technology Initiative Launch

Facebook’s Technology Event: Live Notes

All times are in Pacific Time

9:59 AM: They are still making everybody wait outside of Faecbook’s offices. It’s a sea of press and technology companies.

10:10: We’re all getting settled. There’s a giant server rack in the middle of the room. It must have something to do with computing.

10:15: Today’s event is about a cloud computing initiative. I’ve figured that out by the titles of the execs that are here for today’s launch. Also, the hashtag is #OpenCompute.

10:18: Mark Zuckerberg has taken the stage. It’s called the “Open Compute Project.”

10:19:

More About: dreamworks, facebook, technology

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