Humane is looking for a buyer after the AI Pin’s underwhelming debut

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After its wearable computing device, the AI Pin, was widely panned by reviewers, Humane is seeking a buyer willing to pay between $750 million and $1 billion.

Humane, the startup behind the poorly-reviewed AI Pin wearable computer, is already hunting for a potential buyer for its business. That’s according to a report from Bloomberg, which says the company — led by former longtime Apple employees Imran Chaudhri and Bethany Bongiorno — is “seeking a price of between $750 million and $1 billion.

A monthly subscription is required to keep the device active. The Bloomberg report notes that Humane has raised $230 million from investors including OpenAI CEO Sam Altman, who is rumored to be developing an unrelated product that could better showcase AI’s promise. Humane was valued at $850 million by investors in 2023, but that was before its first-ever product was universally criticized by reviewers.

 

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