#QuickTakes By

Microsoft Is Shutting Down Metaverse Focused Group

Scribbled Arrow

TRENDING GLOBALLY

-: FOLLOW US :-  @theinsaneapp

Microsoft is abandoning its metaverse initiatives and redirecting resources to other areas.

-: FOLLOW US :-  @theinsaneapp

The Industrial Metaverse Core group, a division focused on bringing the metaverse to industrial environments, has been disbanded.

-: FOLLOW US :-  @theinsaneapp

The division was formed just four months ago and consisted of 100 employees.

-: FOLLOW US :-  @theinsaneapp

Microsoft has said that the products built by the group will still be supported.

-: FOLLOW US :-  @theinsaneapp

The company recently announced a round of 10,000 layoffs as part of a restructuring process.

-: FOLLOW US :-  @theinsaneapp

Microsoft is shifting its resources to artificial intelligence (AI).

-: FOLLOW US :-  @theinsaneapp

Other metaverse projects, such as Altspacevr and the Mixed Reality Tool Kit, have also been affected by Microsoft's cuts.

-: FOLLOW US :-  @theinsaneapp

Microsoft has been investing in AI-based startups, including Openai.

-: FOLLOW US :-  @theinsaneapp

Microsoft recently announced a "multi-year, multibillion-dollar investment" in Openai.

-: FOLLOW US :-  @theinsaneapp

Microsoft has integrated Chatgpt, developed by Openai, into Bing and Edge.

#GIVEAWAY BY INSANE

Do you know that we give away around $250 USd in cash prizes every week?

Let’s grow together!