After showing off its promising Vaunt smart glasses just a couple of months ago, Intel is now shuttering the division that built its wearable device.
After showing off its promising Vaunt smart glasses just a couple of months ago, Intel is now shuttering the division that built its wearable device. shuttering the division that built its wearable device
The devices group was formed in 2013 with a view to develop fitness trackers and smart glasses – but its products didn’t really see the light of day for long, despite hundreds of millions of dollars in funding from the company, and partnerships.with brands like Oakley.
The Information reports that the move will likely result in layoffs from the New Devices Group (NDG) team of roughly 200 people. In a statement to The Verge, Intel explained its rationale behind the closure: The Information reports In a statement to The Verge
Intel is continuously working on new technologies and experiences. Not all of these develop into a product we choose to take to market. The Superlight [the codename for its Vaunt smart glasses] project is a great example where Intel developed truly differentiated, consumer augmented reality glasses. We are going to take a disciplined approach as we keep inventing and exploring new technologies, which will sometimes require tough choices when market dynamics don’t support further investment.
