ChainCatcher news, according to sources cited by The Information, Microsoft has canceled its Industrial Metaverse project, and approximately 100 employees from the project have been laid off. Microsoft stated that it will currently prioritize projects that can generate revenue in the short term.It is reported that the Industrial Metaverse was established 4 months ago as part of Microsoft's metaverse plan. The project helped build software interfaces for the control systems behind operating power plants, industrial robots, and transportation networks, aiming to leverage digital twins to enhance productivity and efficiency. (The Information)

ChainCatcher news, according to The Information, Microsoft internally announced the establishment of a new team called "Industrial Metaverse Core" last week, officially entering the industrial metaverse. The team plans to help customers create entirely new immersive software interfaces for operating the industrial control systems behind power plants, industrial robots, and transportation networks.According to insiders, the products offered by the team will include technology provided by Bonsai. Bonsai enables mechanical or aerospace engineers to use machine learning to automate physical machinery or robots, and Microsoft acquired the company in 2018. (source link)

Chain Catcher News, on the 8th, the Shanghai Urban Digital Transformation Work Leading Group Office issued the "Implementation Plan for the Digital Transformation of Manufacturing Industry in Shanghai" and the task breakdown table to relevant departments and district governments in Shanghai. Shanghai will accelerate the innovative application of the industrial metaverse and promote the deep expansion and integrated application of digital technologies such as 5G, AI, AR/VR/MR, blockchain, and digital twins in the manufacturing sector. (Source link)

The Chain Catcher news, themed "Integration of Digital and Real, Industrial Metaverse Birth," the 9th China Industrial Internet Summit Forum and the 2022 World Artificial Intelligence Conference sub-forum was held in Baoshan District. The "Three-Year Action Plan for the Development of the Industrial Metaverse Industry in Baoshan District" was simultaneously released, which clearly states that by 2025, the scale of the industrial metaverse-related industries in Baoshan District will exceed 10 billion yuan.At the same time, it aims to achieve the integrated development of the industrial metaverse and leading industries, helping the new materials, biomedicine, robotics and intelligent manufacturing, and new generation information technology industries in Baoshan District to exceed 150 billion yuan, 20 billion yuan, 100 billion yuan, and 30 billion yuan respectively. (Jin Ten)