Intel Shutters Wearables Business But Sports Investments Remain

Former NBA participant Chris Webber tries out the Intel TrueVR expertise. (Credit score: Intel Company) Intel has confirmed plans to shutter its wearables enterprise after an unsuccessful few years making an attempt to get it off the bottom, nevertheless it stays closely invested within the sports business usually. After spending a whole lot of hundreds of thousands of dollars over the previous 5 years trying to construct a wearables enterprise that noticed it dabbling in health trackers and sensible glasses, the chipmaker confirmed to The Info this week that it plans to close down the division.  Intel has been distancing itself from well being trackers over the previous three years, in accordance with CNBC, which reported final summer time that Intel laid off roughly eighty% of the Foundation smartwatch staff on the finish of 2016 and shifted its focus to augmented actuality. This week’s report alerts that Intel is slicing ties with its Vaunt sensible glasses as nicely, placing a u
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