Intel shuts down group working on wearables and fitness trackers
Intel was once moving full-steam ahead into wearables, but that effort has apparently come to an end. Reports at the end of last year claimed the company was looking to step back from wearables, but Intel denied those rumors. Now a report from CNBC cites a source that claims Intel completely shut down its wearables division about two weeks ago.
The report refers to the Basis group, which was made up of employees from the wearables company that Intel bought for about $100 million. The source also claims 80 percent of those in the Basis group were let go in November 2016, but many were given the option to assume other roles within Intel. The company's New Technologies Group is reportedly focusing on AI now more than ever.
