In a blog post, YouTube CEO Susan Wojcicki announced the new milestone and said, "Today, I'm pleased to announce that we crossed a big threshold: 1.5 billion logged in viewers visit YouTube every single month". The company is working with camera manufacturers like LG, Yi and Lenovo to build new VR180 cameras for as little as a couple hundred dollars. Google says that the VR180 format would be of high resolution and it would "look great on desktop and on mobile".
The idea is based around the fact that full 360-degree video is expensive and complex to produce and an observation from Google that most people viewing VR only explore the areas directly in front of their eyes. Still, you'll be able to view them with headsets like YouTube, Cardboard, and PlayStation VR (PSVR), where they'll take up your entire view if you look forwards, but you'll notice the borders when looking around.
The VR180 format also supports livestreams, allowing creators and viewers to essentially be in the same room together.
YouTube is now in the process of working with companies to produce cameras that will be available for public sale - YI, Lenovo, and LG will be some of the first to offer products in the winter. The first device from partnering makers would make a debut this winter. YouTube has a playlist of VR180 content from beta testers here.
They want to keep these VR180 cameras in the same price bracket as point-and-shoot cameras and make them as simple as possible for novices.
All banks pass this year's stress tests
Banks will get the chance to revise their capital plans before next week's results are released. The Federal Reserve uses its own independent projections of losses and incomes for each firm.
YouTube also unveiled a virtual reality technology, called VR180, that will make it easier to view content.
YouTube said that a new native sharing feature will allow you to send and chat about videos with friends, without having to leave the app.
YouTube will be releasing new cameras that can capture VR180 videos.
In March the Alphabet-owned company revealed its new YouTube TV platform, a $35-per-month TV service that will see the Google-owned company square off against not only streaming giants such as Netflix, but also traditional cable TV companies.