Just over a month after releasing AI Pin, technology startup Humane reported that it is looking for a buyer for its business. Bloomberg. Engadget's Cherlynn Low described AI Pin as a “wearable Siri button.” That's because it's a small, wearable device designed with a very specific purpose in mind: giving you instant access to an AI assistant. Humane works with financial advisors; Bloomberg He said he hopes to sell the company for between $750 million and $1 billion.
The company attracted a lot of interest and was able to raise $230 million from prominent investors. But 1 billion might be a big ask, considering its AI pins were mostly panned by critics at launch. Due to several reasons, in the review he gave AI Pins a score of 50 out of 100. It was slow and when I asked a question it took a few seconds to respond. The responses were sometimes irrelevant and no better than what a quick Google search would yield. The touchpad got warm when used, battery life was short, and the projector screen, while novel, was quite difficult to control. The Humane AI Pin isn't cheap either. The purchase will cost him $700, and he will need $24 a month to access the company's artificial intelligence technology and his 4G service on T-Mobile's network. In a post on its website, Humane said it is listening to the feedback and listed several problem areas it plans to focus on.
Another dedicated AI gadget, the Rabbit R1, is much more affordable at $199, but it makes the category even more popular, especially since you can easily pull out your phone and use AI tools when you need them. It's not cheap enough yet. Humane's divestiture efforts are still in the early stages; Bloomberg It has been pointed out that there is a possibility that the transaction will not be completed at all.
