Technology

58303 readers

9 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

408

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

submitted 5 months ago by [email protected] to c/[email protected]

84 comments fedilink hide all child comments

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."

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] -3 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."

[–] [email protected] 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.