all about cryptop referances
The software giant Microsoft is shutting down one of its most important groups dedicated to the development and promotion of the industrial metaverse. According to reports, the company terminated the entire Industrial Metaverse Core group, which was composed of 100 employees, as part of the 10,000 layoffs announced in January.
Microsoft, the Washington-based software giant, appears to be abandoning the metaverse in favor of other initiatives. According to reports from The Information, the company internally announced the dissolution of the Industrial Metaverse Core group, a division of the company aimed at bringing the metaverse to industrial environments.
The group, which was formed just 4 months ago, served as a bridge for the implementation of metaverse interfaces to control electric power plants, industrial robotics and transportation networks. The division was part of the effort to bring the metaverse to industrial environments by bridging software to this initiative.
The 100 employees who were part of the group were made redundant. However, Microsoft has said that the products built by the group will continue to be supported in the future. The company stated:
We apply our focus to the areas of the industrial metaverse that matter most to our customers, and they will see no change in how they are supported. We look forward to sharing additional information in the future.
Microsoft had previously announced a round of 10,000 layoffs as part of a restructuring process in January.
The latest incident suggests that Microsoft is taking some of its resources from metaverse initiatives to put into other areas such as artificial intelligence (AI). Previous reports suggest that other metaverse projects have been affected by Microsoft’s cuts, with employees from metaverse platform Altspacevr – which announced its closure by March – and Mixed Reality Tool Kit, also laid off.
Microsoft has been putting funds behind AI-based startups since January. On January 23, the company revealed a “multi-year, multi-billion dollar investment” in Openai, the company behind the development of GPT-3 and the Chatgpt interface. As part of this partnership, Microsoft recently announced the inclusion of Chatgpt in Bing, the search engine, and also as part of Edge, the web browser.
Following this move, Microsoft CEO Satya Nadella stated:
AI will fundamentally change every software category, starting with the biggest category of all – search.
What do you think about the termination of metaverse-focused groups at Microsoft? Tell us in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, The Art of Pics / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is directly or indirectly responsible for damages or losses caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
