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In a surprising development, Humane Inc., the AI startup known for its innovative approach to consumer electronics, is actively seeking a buyer following the disappointing launch of its AI Pin device. Despite initial hype and significant financial backing from top investors and corporations, including OpenAI, Microsoft, and Qualcomm, the AI Pin faced scathing criticism for its functionality issues and received negative reviews from prominent tech reviewers like Marques Brownlee. With estimates valuing the company between $750 million to $1 billion, Humane Inc. hopes to secure a buyer that can potentially salvage its vision of reshaping consumer technology through AI. As the sale process unfolds, industry observers speculate on the implications for both Humane Inc. and the broader landscape of AI-driven consumer electronics.
In a surprising turn of events, Humane Inc., the innovative AI startup, is reportedly seeking a buyer. This comes just weeks after the launch of their AI Pin, a wearable device that faced harsh criticism from reviewers.
Founded in 2018, Humane Inc. aims to revolutionize consumer electronics through AI. The company's flagship product, the AI Pin, was highly anticipated but fell flat due to numerous issues highlighted by critics. Now, with the help of a financial advisor, Humane is looking to sell for an estimated $750 million to $1 billion.
Announced in a TED Talk, the AI Pin was envisioned as a screen-free, voice-activated device designed to replace smartphones. Despite initial excitement and recognition from Time magazine as one of the best inventions of 2023, the product's launch was disastrous. Reviews pointed out significant flaws, from unreadable projections in sunlight to overall poor functionality.
Prominent voices in tech, including Marques Brownlee, labeled the device as one of the worst ever reviewed. With such strong negative feedback, Humane’s future seemed uncertain, leading to the decision to seek a buyer.
Humane had significant backing from top investors like OpenAI CEO Sam Altman, Salesforce CEO Marc Benioff, and major corporations such as Microsoft, LG, and Qualcomm. Despite raising $230 million in funding, the market response to their first product has forced the company to reconsider its strategy.
As the search for a buyer continues, the tech world watches closely. The potential sale could mark a turning point for Humane Inc., providing an opportunity for a fresh start or integration into a larger tech entity.
The ongoing sale process is in its early stages, and the outcome is yet to be determined. However, this move highlights the volatile nature of the tech industry, where innovation meets market reality. For Humane Inc., finding the right buyer could mean salvaging their vision of a post-smartphone era driven by AI.
Stay tuned for more updates as this story unfolds.
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