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Humane AI Pin is a disaster: Founders already want to sell the company (arstechnica.com)

submitted 5 months ago by gedaliyah@lemmy.world to c/technology@lemmy.world

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Despite seemingly having nothing else in the pipeline and the AI Pin being dead on arrival, Bloomberg reports the company is "seeking a price of between $750 million and $1 billion in a sale."

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[–] ColeSloth@discuss.tchncs.de -4 points 5 months ago (1 children)

Scam how? Selling pre-launch could have been a scam. Money taken from investors could have been a scam, depending on what they pitched. But selling after a complete and known flop of a release? There's no cards left on the table to be scammy about. "Here's our brand name. Here's our patent collection. We'd like to think our patents are worth a ton of money, but we know we'd be lucky getting twenty million."

[–] Rekorse@lemmy.dbzer0.com 4 points 5 months ago

My assumption is that, since they were always going to be about collecting, processing, and selling data (usually what AI is used for commercially) that they might have what they think is between 500m and 1b in data to sell.

This might be enough to start a company from or just to assimilate the data into your own company.

The price tag has to be over estimated though by quite a lot. If we read a story about the company selling for a few million, I dont think it would seem outrageous.