Microsoft lost billions of dollars on HoloLens, and its huge IVAS military contract is in trouble

Posted under: Emerging technologies
Date: 2024-10-15
Microsoft lost billions of dollars on HoloLens, and its huge IVAS military contract is in trouble

Microsoft lost billions of dollars on its HoloLens mixed-reality project, and the company's involvement in a related contract with the US Army is in doubt. It recently confirmed plans to halt production of the HoloLens 2 headset and will stop supporting the device. Also, the Microsoft team that's been working on IVAS has been whittled down, with the majority of the business and engineering brainpower moving on to other projects.

Read more at: www.businessinsider.in

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Microsoft lost billions of dollars on HoloLens, and its huge IVAS military contract is in trouble

Posted under: Emerging technologies
Date: 2024-10-15
Microsoft lost billions of dollars on HoloLens, and its huge IVAS military contract is in trouble

Microsoft lost billions of dollars on its HoloLens mixed-reality project, and the company's involvement in a related contract with the US Army is in doubt. It recently confirmed plans to halt production of the HoloLens 2 headset and will stop supporting the device. Also, the Microsoft team that's been working on IVAS has been whittled down, with the majority of the business and engineering brainpower moving on to other projects.

Read more at: www.businessinsider.in
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