The sale process is in its early stages, and it is unclear if there will be any interested buyers. The company has faced several challenges, including the departure of its CTO and 4% of its workforce earlier this year. The AI Pin has been criticized for not offering much more than what a smartphone can do, and its high price and monthly subscription have made it a difficult sell in a market with cheaper alternatives.
Key takeaways:
- Humane, the company behind the AI Pin, is reportedly seeking a buyer and has priced itself between $750 million and $1 billion.
- The AI Pin, a wearable gadget with a projected display and AI-powered features, launched to less-than-glowing reviews and has been criticized for its high price and limited functionality compared to smartphones.
- Humane's chief technology officer, Patrick Gates, left the company in January alongside 4% of the workforce, indicating potential internal issues.
- Despite raising around $230 million from backers such as Microsoft, Qualcomm Ventures, Marc Benioff, and OpenAI’s Sam Altman, Humane has struggled to gain a meaningful foothold in the wearable market.