CIA And US Military Are Spending Big on Metaverse Projects

  • In-Q-Tel — the CIA’s venture capital arm — and the military are investing heavily in the metaverse. There are growing concerns they’re wasting taxpayer money.

  • Looking Glass received $2.54 million of “technology development” funding from In-Q-Tel from April 2020 to March 2021 and a $50,000 Small Business Innovation Research award from the U.S. Air Force in November 2021 to “revolutionize 3D/virtual reality visualization.”

  • According to the new disclosure, In-Q-Tel also invested over $1.9 million in Dreamscape Immersive, a Los Angeles-based virtual reality company.