The Humane AI Pin was universally panned by reviewers, with criticisms ranging from its inability to perform basic tasks like setting an alarm, to its uncomfortable warmth when pressed against the chest. The device only started shipping in April, and the founders are already looking for an exit, indicating a potentially dire situation for the company. The startup, which has raised $230 million from investors including OpenAI CEO Sam Altman, is at risk of joining the ranks of major tech startup flops like Juicero and Ouya.
Key takeaways:
- Humane, a startup founded by two ex-Apple employees, is seeking a sale after the launch of its first product, the Humane AI Pin, was a failure.
- The Humane AI Pin, a wearable voice command box and camera, was intended to replace smartphones but was criticized for its lack of traditional display, high price, and poor functionality.
- Despite the product's failure, Humane is reportedly seeking a sale price of between $750 million and $1 billion.
- The company's founders are reportedly looking for an exit just one month after the product's launch, suggesting a dire situation for the company.