News “This Industry Doesn’t Forgive”, Microsoft Buries This Revolutionary Project
Published on 25.01.2023 at 19:35
Dissatisfied with its position, the multinational corporation saw the big picture and rushed to invest in a new innovative industry in 2017. However, despite all efforts to develop this revolutionary project, Microsoft failed to realize it. Thus, the American company was recently forced to do away with it.
An ambitious Microsoft project, unknown to the general public
In 2017, the tech giant acquired AltspaceVR, a company that had ambitions to build a metaverse before Mark Zuckerberg seized on the theme by renaming Facebook Meta.
The platform, founded in 2015, is a virtual environment designed to provide users with an immersive social experience. Specifically, AltspaceVR allowed people with a virtual reality headset to meet online by impersonating avatars to perform various activities in the digital world.
In a difficult financial situation, the company was saved by Microsoft 6 years ago. After the giant bought the project, it was officially unveiled as a social online platform supported by virtual reality, it is understood that this is similar to the current definition of the metaverse.
“When AltspaceVR was first launched, we wanted to create a place where people from all over the world could connect and connect in real time. We knew virtual reality (VR) could be a fun place to play immersive games, and more importantly, we believed in social VR’s ability to bring people together, connect, and create experiences to share. says Microsoft.
“This Industry Doesn’t Forgive”, AltspaceVR Is No More
Although the platform is innovative for the time, it must meet new demands with enthusiasm around the metaverse. In an official press release, Microsoft announced the sad end of this metaverse-like predecessor. Namely, AltspaceVR will officially close its virtual doors in less than 2 months, on March 10th. However, according to Microsoft, this disappearance should allow the company to focus more specifically on its other VR project: Microsoft Mesh.
Mesh is an extension of the Microsoft Teams video conferencing app for people with VR headsets. Used by professionals, this 3D platform allows users to collaborate in an immersive digital workspace.
“Looking to the future, we see an opportunity for virtual reality to move beyond the consumer and into the enterprise, and now we have an even bigger goal: a more open, accessible, and secure version of the immersive experience in the metaverse. To achieve this, we made the difficult decision to retire the AltpaceVR platform on March 10, 2023 and focus on supporting immersive experiences powered by Microsoft Mesh. explains Microsoft.
The news comes as the firm has just laid off a significant portion of its business (about 10,000 jobs) “in order to remain an important company in this unforgiving industry.”
Aside from the resource and energy savings associated with the closure of AltspaceVR, it turns out that the metaverse is not among the priorities of the multinational company. With a recent $10 billion investment in OpenAI, Microsoft’s strategy is firmly focused on AI for 2023.