Intel cancels its smartglasses
Numerous reports have emerged that Intel is to shut down its New Devices Group, effectively bringing its costly foray into the wearables market to a close for now. The company has made several attempts, and spent several hundred million dollars, trying to break into the wearables market.
All current employees will be relocated to other divisions within the company or laid off, according to the reports.
The New Devices Group’s last major project was the Vaunt smartglasses, which promised to use advanced...