One Month After Launch, AI Pin Maker Humane Seeks a Billion Dollar Sale
AI Pin Flops: Humane Eyes $1B Sale?
One month after its launch, the Humane AI Pin, priced at $700, faced criticism due to underperforming features. Despite this, Humane, led by former Apple developers, is reportedly seeking a sale valued between $750 million and $1 billion. The AI Pin was intended to offer advanced vision and voice capabilities but struggled with responsiveness and functionality, disappointing early users and reviewers.
What specific features were advertised for the Humane AI Pin at its launch?
The Humane AI Pin was advertised with several features at its launch. It was supposed to offer smartphone capabilities, such as making calls, taking photos, and answering questions. The device was also marketed as having quick and easy AI-based vision and voice capabilities, allowing users to learn about their surroundings and communicate with friends without having to use a traditional smartphone.
The AI Pin also promised to project an interactive screen onto users' palms, offering a unique interface for interacting with the device. It was supposed to be controllable via voice commands and feature a laser interface that would project onto the user's hand.
Additionally, the device was touted as a solution for reducing people's reliance on smartphones, promoting a more present and immersive experience in the real world. It was supposed to help users with daily tasks and provide relevant information from their calendar and email.
However, upon launch, many of these features were found to be lacking or not functioning as advertised, leading to widespread criticism and disappointment.
What is the asking price for Humane as it seeks a potential sale, and how does this compare to its valuation before the AI Pin launch?
Humane is reportedly seeking a price of between $750 million and $1 billion as it looks for a potential sale. Before the launch of the AI Pin, the company was valued at $850 million.