Virtual reality video company Jaunt — which helped spur the early growth of VR video — is shifting its focus to augmented reality, winding down “a number” of its VR-related services, and laying off a “significant portion” of its staff.
In a Medium post entitled “The Future of Jaunt is AR,” Jaunt wrote that it would focus on developing technologies that could create augmented reality content at a large scale. “We will be winding down a number of VR products and content services in the coming weeks,” reads the post. “This unfortunately means that some of our valued and highly talented colleagues will be moving on ... These highly skilled individuals have contributed to our position as a leader in the immersive industry, and the decision to...
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