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Layoffs 2024: Sam Altman-backed AI startup Humane fires employees before shipping viral AI pin

Jan 10, 2024 - businesstoday.in
Humane, an AI startup backed by OpenAI’s Sam Altman, is laying off 4% of its workforce, impacting 10 employees, as a cost-cutting measure before the launch of its AI Pin product. Despite recently raising over $200 million from Silicon Valley, the company has informed its employees of a budget reduction for the year. The layoffs are part of a wider organizational restructuring aimed at preparing for the next phase of growth.

The AI Pin, priced at $699 with a $24 monthly subscription fee, is a wearable device that reduces screen time and transforms tech interaction. It allows voice commands, audio calls, message sending, language translation, and smart home device control. The device's virtual assistant, powered by OpenAI technology and Microsoft's cloud computing, can compose messages in the user's tone, summarize emails, and act as a live interpreter. The AI Pin is set to be shipped in March 2024.

Key takeaways:

  • Humane, an AI company backed by OpenAI's Sam Altman, is laying off 4% of its employees, impacting 10 people, as a cost-cutting measure before the launch of its AI Pin product.
  • The AI Pin is a wearable gadget that reduces screen time and transforms interaction with technology. It can perform tasks like making audio calls, sending messages, translating languages, and controlling smart home devices.
  • The AI Pin's virtual assistant is powered by technologies from OpenAI and Microsoft, and can compose messages in the user's tone of voice, summarize emails, and act as a live interpreter.
  • The AI Pin is priced at $699 with an additional $24 subscription fee and is set to be shipped in March 2024.
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