Rumors begin, and it is often said that "when the river sounds, it carries water." What is true about the sale of Humane Inc?
It's already happening... This new generation of AI Gadgets has not gotten off to a good start, and since yesterday rumors have been appearing about the search for investors to whom to hand over the Humane Inc. brand.
According to sources close to the environment, the artificial intelligence startup, Humane Inc. and creator of the AI Pin gadget is looking for a buyer for its business, just a few weeks after the complicated launch of its long-awaited wearable artificial intelligence device.
As reported Bloomberg According to these sources – who preferred to remain anonymous due to the confidentiality of the information – Humane is collaborating with a financial advisor to facilitate the sale process.
What Humane hopes to achieve
They seem to have hopes that It is valued between $750 million and $1 billion, according to one of the people familiar with the situation, although as I say, at the moment all this information is still up in the air and there is no definitive data.
The company, founded in 2018 by former Apple Inc. employees Imran Chaudhri and Bethany Bongiorno, set out to develop an artificial intelligence-powered device that could compete with the iPhone.
Last year, investors valued the company at $850 million, according to technology news site The Information and we know that so far, Humane has raised $230 million from high-profile investors, including OpenAI CEO Sam Altman.
The Humane device, a magnetic square pin that projects a laser, generated great expectation before its release. However, the device, priced at $699, received widespread criticism due to reliability and practicality issues. The bottom line is that it was useless in the state it was in.
The company has stated that it is working on improving several aspects such as battery life, device overheating, accuracy and response time, which In my opinion, these are just some of the points to improve, and the first is the laser and its visibility in full light., no this.
User experience with AI Pin
Despite the price of $699 more a monthly subscription of 24 dollars, critics have widely singled out the device for slow vocal responses, unsatisfactory user experience, and poor battery life.
From Discord We know that Humane has stated that is working to resolve these issues with software and firmware updates, but it seems that the company is already considering alternative options.
Furthermore, from my point of view, A large part of the AI Pin problems are fundamentally hardware, such as battery life, excessive heating and above all the rough handling of the laser. Problems that are not fixed with an OTA.
The possible sale of Humane comes at a time when other competitors are also stepping up their efforts in AI Gadgets, such as the rabbit r1 and the glasses Ray-Ban Meta, although at the moment these devices, although hopeful, have not yet established themselves in the general public.
The main challenge for Humane could be convincing potential buyers of the value of its intellectual property and its proprietary operating system, called CosmoOS.
Technology giants like Amazon, Apple, Google and Microsoft already are investing heavily in the development of artificial intelligence-enabled devices and applications, which could make it difficult for Humane to find a buyer willing to pay the asking price.
We'll see where these rumors of the alleged sale come from. For now, Humane Inc. remains focused on improving its product and finding a strategic partner that will allow it to strengthen its position in this competitive technology sector. Let's see what it turns out...
