AI Startup Humane Inc. in Search of a Buyer

Published 6 months ago

Humane Inc., a technology company created by former Apple employees Imran Chaudhri and Bethany Bongiorno, is reportedly on the market. The startup has faced difficulties following the launch of a controversial wearable AI device, which was criticized for its practicality and reliability.

A Rocky Start for the Innovative Startup

The startup, founded in 2018, aimed to revolutionize the AI technology sector. The product, a magnetic, laser-beaming wearable device, was unveiled amid high expectations. However, it soon faced a wave of negative reviews.

Despite the setbacks, the company has managed to raise $230 million from investors, including OpenAI CEO Sam Altman. Last year, Humane Inc. was valued at $850 million.

Sale Aims Between $750 Million and $1 Billion

As the company continues to work on improving the device, it is also considering sale options. The estimated price range for the company is between $750 million and $1 billion. The sale process is attracting the attention of industry insiders due to its potential impact on the future of personal AI technology.

The trials encountered by Humane Inc. shed light on the complexities of launching innovative technology in the competitive AI hardware market. The outcome of the sale and potential improvements to the device could determine the company’s ability to realize its initial vision.