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Intel cancels its smart glasses due to lack of investment
When Intel showed off its Vaunt smart glasses (aka "Superlight" internally) back in February, we had high hopes for a new wave of wearable tech that wouldn't turn us into Borgs. Alas, according to The Information's source, word has it that the chip maker is closing the group responsible for wearable devices which, sadly, included the Vaunt. This was later confirmed by Intel in a statement, which hinted at a lack of investment due to "market dynamics." Indeed, Bloomberg had earlier reported that Intel was looking to sell a majority stake in this division, which had about 200 employees and was valued at $350 million.
