Facebook Is Creating A Video Chat Device Known As "Aloha

Recent reports claiming Facebook is working on a piece of hardware to facilitate video chats have been backed up by a new report from Business Insider. The company is reportedly creating a video chat device known as "Aloha." It'll feature

a large touchscreen display, a wide-angle camera, microphones, speakers, and facial recognition.

Facebook already has prototype units that have been tested in employee homes for months.

Aloha is going to reach the market sometime around May 2018 and Facebook plans to launch it at $499, placing it out of reach for the average consumer.

Sources speaking with Business Insider claim the company's Building 8 division is also creating a smart speaker and 360-degree camera.