The AI startup Humane, founded by former Apple executives, is reportedly looking for a buyer just weeks after launching its first product, the AI Pin. This wearable device, priced at $699 and requiring a monthly subscription, was marketed as a smartphone alternative. However, it received negative reviews due to its lack of features and functionality.
Humane’s decision to seek a buyer so soon after the AI Pin’s launch raises questions about the viability of the standalone AI device market. The company is reportedly seeking a sale price of $750 million to $1 billion, despite a valuation of $850 million last year.
This turn of events casts doubt on the future of the AI Pin and the broader market for similar devices. Whether a buyer will emerge and what the future holds for Humane remains to be seen.
The AI startup Humane, founded by former Apple executives, is reportedly seeking a buyer just weeks after launching its first product, the AI Pin. This wearable device, priced at $699 and requiring a monthly subscription, was marketed as a smartphone alternative. However, it received negative reviews due to its lack of features and functionality.
Key Points:
- Humane AI Pin: Marketed as a smartphone alternative, this wearable device utilizes AI and a laser projector.
- Poor Reception: The AI Pin received negative reviews for its limited features and high price point.
- Seeking Buyer: After a disappointing launch, Humane is reportedly seeking a buyer for the company.
- Future Uncertain: It remains unclear if a buyer will emerge and what the future holds for Humane and the standalone AI device market.
Additional Information:
- The company is reportedly seeking a sale price of $750 million to $1 billion, despite a valuation of $850 million last year.
- This turn of events raises questions about the viability of the standalone AI device market.
- Whether a buyer will emerge and what the future holds for Humane remains to be seen.
This article provides a concise overview of the situation, highlighting the key points and offering additional context.
