Wearable AI Startup Humane Explores Potential Sale - Slashdot
May 22, 2024 - slashdot.org
AI startup Humane is reportedly seeking a buyer for its business, according to Bloomberg News. This comes just weeks after the company's wearable AI device experienced a challenging public launch. The company, which is working with a financial adviser, is looking for a sale price between $750 million and $1 billion, although the process is still in its early stages and may not result in a deal.
Humane was established in 2018 by Imran Chaudhri and Bethany Bongiorno, both former Apple veterans. The company's aim was to develop a new AI-powered device that could potentially compete with the iPhone. As of last year, investors valued the company at $850 million.
Key takeaways:
AI startup Humane is reportedly seeking a buyer for its business, according to Bloomberg News.
The company is working with a financial adviser and is seeking a price of between $750 million and $1 billion in a sale.
Humane was founded in 2018 by two Apple veterans, Imran Chaudhri and Bethany Bongiorno, with the aim of creating an AI-powered device that could rival the iPhone.
Last year, Humane was valued by investors at $850 million.
