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humane ai pin

The Humane Ai Pin started shipping to customers barely a month ago but, according to a new report, the company is looking to sell itself for as much as $1 billion.

Humane first fully announced the Ai Pin, its first and only product, in November 2023. The product uses AI models, Android, and a unique laser projector to craft an experience that it meant to be helpful and ambient in daily life. It had big promise, but reviews of the product were overwhelmingly negative. The device started shipping to customers in April 2024 and problems with the device included extremely poor battery life, frequent overheating problems, and many software shortcomings.

Now, Bloomberg reports that Humane is looking to sell the company.

According to “people familiar with the matter,” Humane is “seeking a buyer for its business” and in talks with a financial advisor to assist in a potential sale. It’s noted that the process is still very early, but that Humane is looking for a sale between $750 million and $1 billion.

It should come as no surprise that the startup is looking to sell itself to a larger company, but the speed at which this is happening seems especially quick.

Humane has not confirmed that it intends to sell the company as of yet.

Meanwhile, elsewhere in the AI gadget space, the Rabbit R1 is under increasing scrutiny as new information about the company’s founder and past business dealings are coming to light.

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The post Report: Humane looking to sell the company barely a month after Ai Pin release first appeared on 9to5google.com

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