4 ms·
Pretty much this. There's something else at play here given they haven't been left to crash and burn, and patents either resold or licensing deals inked. There'
by Mandatum 6y ago
Pretty much this. There's something else at play here given they haven't been left to crash and burn, and patents either resold or licensing deals inked. There's likely something actively being used or funded that can't be left to fall over as part of a wider scope of work or project. Given it's JPMC, only the board will "officially" be privy to it.
Nobody throws money into the fire unless they're trying to keep something warm.
Once that project ceases, those employees will be cut and the resulting tech or teams will be acqui-hired by an R&D arm or contractor who'll continue to pick at the bones of it.
JPMC is in the money business. Not tech. They're riding this beater until it finally conks out.
If you work for MagicLeap, get your CV out there.