Humane Seeks Buyer for AI Pin Wearable Amid Poor Reviews and Ambitious Valuation

HomeTech NewsHumane Seeks Buyer for AI Pin Wearable Amid Poor Reviews and Ambitious Valuation

Highlights

  • Humane is seeking a buyer for its AI Pin wearable, valuing the company between $750 million and $1 billion
  • The AI Pin has faced criticism for slow response times and poor user experience
  • Humane has raised $230 million from investors, including OpenAI CEO Sam Altman
  • Major tech companies like Amazon, Apple, Google, Meta, and Microsoft may have limited interest in the acquisition

Humane, the company behind the much-panned AI Pin wearable computer, is already seeking a buyer, according to Bloomberg. 

The startup, run by former Apple executives Imran Chaudhri and Bethany Bongiorno, is looking for a valuation of between $750 million and $1 billion—an ambitious target after the rather abysmal launch of the product.

Humane Seeking Buyers Already

Humane Seeks Buyer for AI Pin Wearable Amid Poor Reviews and Ambitious Valuation
Humane Seeks Buyer for AI Pin Wearable Amid Poor Reviews and Ambitious Valuation

Reviewers have generally blasted the AI Pin, a $699 wearable marketed as an always-on AI assistant capable of weaning us from our smartphone addiction

The complaints vary from slow response times to an overall user experience that falls well short of the founders’ lofty promises of seamless, hands-free computing.

Undeterred by the criticisms, Humane created its own operating system, CosmOS, which runs on the AI Pin and connects to a network of AI models to retrieve responses and evaluate what the device’s camera detects.

Humane AI Pin introduces wearable computing with voice and gesture control
The AI Pin has faced criticism for slow response times and poor user experience

For some interactions, the Pin even projects a laser “display” into the wearer’s hand – a new concept that has yet to be fully realized in practice.

Bloomberg reports that Humane has already raised a staggering $230 million from investors, including OpenAI CEO Sam Altman, who is rumored to be working on an unrelated AI product with Apple design legend Jony Ive that might be more impressive as a use case.

Humane AI Pin: A Bad Product?

Humane is seeking a buyer for its AI Pin wearable, valuing the company between $750 million and $1 billion
Humane is seeking a buyer for its AI Pin wearable, valuing the company between $750 million and $1 billion

Valued by investors at a hefty $850 million last year, that was before its inaugural product faced a litany of criticism from reviewers.

Brilliant ideas of the AI Pin, while its software is regarded as very undercooked and unreliable, and the hardware has low battery life and overheats easily, both problems which Humane promised to fix with firmware upgrades.

The firm is hunting for a wealthy buyer, though the pool of possible bidders does seem to be thin. 

Humane Ai Pin’s Flaws
Humane has raised $230 million from investors, including OpenAI CEO Sam Altman

Amazon, Apple, Google, Meta, and Microsoft are all making massive advances in AI, so it’s hard to say just how much Humane’s intellectual property could add to their continuing efforts.

Nonetheless, Humane’s founders seem undeterred, banking on their vision of a wearable AI future to entice a buyer – a future that, at least for now, remains more promise than reality.

FAQs

Why is Humane seeking a buyer for the AI Pin wearable?

Humane is seeking a buyer due to the poor reception of the AI Pin, aiming for a valuation between $750 million and $1 billion despite the product’s negative reviews.

What issues have reviewers highlighted about the AI Pin?

Reviewers have criticized the AI Pin for its slow response times, unreliable software, low battery life, and overheating issues.

What is CosmOS and how does it relate to the AI Pin?

CosmOS is the operating system developed by Humane for the AI Pin, connecting to a network of AI models to provide responses and evaluate camera detections.

Who are some of the notable investors in Humane?

Notable investors in Humane include OpenAI CEO Sam Altman, who has invested in the company and is rumored to be working on a separate AI product with Apple design legend Jony Ive.

What is the projected valuation range for Humane?

Humane is seeking a valuation between $750 million and $1 billion for its potential sale.

Also Read: Humane AI Pin: All You Need To Know About This Game-Changer in Wearable Technology

Also Read: Humane AI Pin Sales to Commence From End of March, Says Company

Also Read: Humane AI Pin Impressions: Ushering Beyond the Era of Smartphones?

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