Intel is giving up on its smart glasses

Intel has confirmed that it plans to shut down the New Devices Group (NDG) and cease development on the Vaunt smart glasses project we revealed earlier this year. The story was first reported this evening by The Information, which also notes that the closure will probably result in “some layoffs” from the team that was reportedly around 200 people.

Here’s Intel’s statement:

Intel is continuously working on new technologies and experiences. Not all of these develop into a product we choose to take to market. The Superlight [the codename for Vaunt] project is a great example where Intel developed truly differentiated, consumer augmented reality glasses. We are going to take a disciplined approach as we keep inventing and exploring new technologies, which will sometimes require tough choices when market dynamics don’t support further investment…