Disney-backed Jaunt to focus efforts on AR, says some staff will be 'moving on'
Jaunt, a top-funded VR content startup backed by Disney (DIS) and Google Ventures (GOOGL), said in a blog post that it will be focusing efforts on further developing technologies that allow for the scaled creation of AR content. This decision is driven by the exciting initial customer response to its recent advancements in volumetric XR technology and the experience and capabilities of its team. "This focus means though that we have had to make some tough decisions on our lines of business," the company said. "We will be winding down a number of VR products and content services in the coming weeks. We will work with our current clients to deliver our existing commitments and manage this transition smoothly and professionally. In addition, this unfortunately means that some of our valued and highly talented colleagues will be moving on." Reference Link DIS GOOG GOOGL