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Karnataka approves nine IT projects to generate more jobs

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Bengaluru: The Karnataka government on Monday cleared nine IT projects with a combined investment of Rs.3,097 crore, including a proposal by global chip maker Intel’s Indian subsidiary.

The state high-level clearance committee, chaired by Chief Minister Siddaramaiah, cleared four major IT projects, with combined investment of Rs.2,957 cores, while the single window clearance cell, chaired by IT Minister S.R. Patil, cleared five projects with the combined investment of Rs.140 crore,

Intel will invest Rs.1,100 crore to set up its second computer software development centre and hardware design services facility in the city’s southeast suburb with job potential for 3,000 engineers.

Velankani Electronics Ltd will invest Rs.1,130 crore in the electronics city to expand its capacity to make electronic products and generate jobs for 2,400 people.

Saltire Developers Ltd to invest Rs.463 crore for setting up a special economic zone (SEZ) for IT/IT-enabled services with job potential for 25,000 people.

Amin Properties will invest Rs.265 crore to set up a SEZ at Devanahalli near the city’s airport for IT/IT-enabled services with job potential for 8,000 people.

The five other IT projects are from Alisa Agency (Rs.14 crore), Regen Environ Management Services (Rs.7 crore), Itwine Technologies (Rs.7.5 crore), Sol Biz Consulting Ltd (Rs.16.5 crore) and Hical Technologies (Rs.95 crore) with a combined job potential for 1,355 people.

The approvals come two days ahead of the global investors meet (GIM) from Wednesday in the city to attract global investments in diverse sectors.

(Inputs from IANS)

(Picture Courtesy: finalreport.in)

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Intel Kills Off Its Smart Glasses Project

Intel kills 'Vaunt' smart glass project

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 Global chip-maker Intel has shut down its “New Devices Group” (NDG) and ceased the development of “Vaunt” smart glasses who were like the eye-mounted wearables like Google Glass, the media reported.

“Despite an investment of several hundred million dollars by Intel, including through acquisitions of other companies, the group never made much of an impact in the wearables market,” a report in The Information said on Thursday.

The closure is probably to result in “some layoffs from the team, around 200 people”, the report noted.

“Intel is continuously working on new technologies and experiences. Not all of these develop into a product we choose to take to market. The Superlight [the codename for Vaunt] project is a great example where Intel developed truly differentiated, consumer augmented reality glasses,” The Verge quoted an Intel statement as saying.

Intel kills 'Vaunt' smart glass project.
Intel kills ‘Vaunt’ smart glass project.

“We are going to take a disciplined approach as we keep inventing and exploring new technologies, which will sometimes require tough choices when market dynamics don’t support further investment,” the statement added.

Jerry Bautista, the lead for “Vaunt,” had mentioned earlier that Intel was working with key ecosystem hardware providers like frames and lenses.

Also Read: This Way China Can Help India In The Terms of Artificial Intelligence

Google Glass was introduced with much fanfare in 2014. At $1,500, it promised a new, bold era for information.

People, however, realised the device was not yet ready to be part of their lives. There were safety and health concerns.

Google later withdrew the device from the market in 2015.  IANS

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