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.”
This is the same as Ben Shapiro telling people to sell their houses once Florida goes under water from a climate crisis. To who? Neptune?
“Spectacular custom built oceanback, home, impressive land views & only a 5 minutes swim to the beach!”
alright guys I’ll take one for the team and buy the company
Relevant username.
I’m gonna buy you too windie
(•_•)
I’ve got some chores that need to get done, how much can I rent your guys for?
Least I got shit pin!
Remember when nerds used to be smarter than us? That was awesome.
Nerds still are smarter than us.
Unfortunately a cult of managers has arisen to rule over the nerds and they hype with an iron fist.
It’s important to realize that the nerd you saw on the news has always been someone wearing nerd as a costume and the entire history of technology is loaded with examples of the real nerd being marginalized. It’s just that in ages past the VC’s would give a smaller amount of money and require the startup to go through concrete milestones to unlock all of it so there was more of a chance for the founder’s dreams to smack up against reality before they were $230m in the hole with no product worth selling.
dramatic music score
Rabbit R1 will soon to follow
Meh, that one is cheap enough and has a passable update cycle, I’d say it can stay relevant.
that one is cheap enough
It is also created by a crypto-scheme company. So I’m not sure I have too much confidence
This is hilarious, scrambling to get a golden parachute and live off some trust fund from the sale. The sad part is that they will probably get that.
That’s the worst part. They knew the product sucked, everyone knew the product sucked, this was always the plan. Ask for a billion get 200 million. That’s 100 for each founder. Go live on a private beach somewhere.
it’s just rich people’s money that could be used to fund housing for the masses. let me know where that beach is so i can go drop off some karma.
Who would have guess that another overpriced solution to a non existent problem that no one wants would have been a commercial failure …
We are in a capitalist dystopia. We could be using AI to predict energy usage and reduce our dependence on fossil fuels, or help in discovering new protein folds … but no … Timmy wants to look like a cool futuristic dude and he’s willing to pay $600 to look cooler than his peers
We could be using AI to predict energy usage and reduce our dependence on fossil fuels
That’s happening
or help in discovering new protein folds
That too.
There’s always been barnacles on the ship of progress. That doesn’t mean it’s only barnacles.
“barnacles in the ship of technology”
I really like that one. Very well put
these people live in a delusion, chasing star trek fantasies while the general population can barely afford rent. we are truly due for the chickens to come home to roost.
i just hope a lot of innocent animals don’t get hurt in the process.
Yeah their videos were what everyone wants but their actual product was way more clumsy and primitive. Technology isn’t there yet for what these guys were trying to make.
Their adoption plan was just wrong. Few people want to give up their phones, and the general public has had enough of a learning curve struggle with mobile phones. The device didn’t make sense, at least not in its current state.
The AI bubble will burst soon, and when it does, real innovation will happen.
$750m? That company worth about three fiddy.
When you find out you were only good because you drank the trillion dollar brand Kool-Aid.
Here is female founder’s LinkedIn background image, web search result top 20, with that thing on.
Demographic is…I mean was?
Here is an awkward photo of both Founders: https://images.fastcompany.net/image/upload/w_596,c_limit,q_auto:best,f_auto/wp-cms/uploads/2020/09/i-Bethany-and-Imran.jpg
They wanted so bad to be the next Jobs-Wozniak duo. They even made their marketing and presentations coded to look Apple like. There’s a really cringe presentation of Imran showing the pin, and he literally pauses after grand statements several times waiting for cheers and applause, but the audience is completely silence. Once they applaud out of pity or something after an awkwardly long pause, and the dude says something like “thanks, finally” or something along those lines. They are extremely cringe and awkward all the time.
who could have forseen that “the app, as a hardware device” wouldnt sell well.
Surprised Pikachu
It’s cool tech that is ahead of its time. 5-10 years from now, a big tech company will make something like this and everyone will cry Huzzah!
Magic Leap went the same route.
Edit:
https://en.m.wikipedia.org/wiki/Magic_Leap
Judging by the downvotes, I didn’t state my point well enough. Magic Leap took a LOT of money, got a lot of hype, and nearly went out of business multiple times.
But they were also the first ones to demonstrate and kick off overlaying data on top of real world, what we now call Augmented Reality. Their implementation was clunky and the device was expensive, but it showed people a glimpse of what was possible in a head-mounted, immersive form factor. 10 years later, Apple released the Vision Pro which used different tech, but did pretty much what ML1 was trying to do.
I think the Humane AI pin tried some interesting concepts, but is heading in the same direction. The idea of a small, wearable, AI device is interesting. Ten years from now, when you can run it all on-device and have a hands-free, GPT-8 level conversation with it with no cloud connection may well be a yawn.
What now successful tech is this Magic Leap? I don’t think I have heard of them.
https://en.m.wikipedia.org/wiki/Magic_Leap
Judging by the downvotes, I didn’t state my point well enough. Magic Leap took a LOT of money, got a lot of hype, and nearly went out of business multiple times.
But they were also the first ones to demonstrate and kick off overlaying data on top of real world, what we now call Augmented Reality. Their implementation was clunky and the device was expensive, but it showed people a glimpse of what was possible in a head-mounted, immersive form factor. 10 years later, Apple released the Vision Pro which used different tech, but did pretty much what ML1 was trying to do.
I think the Humane AI pin tried some interesting concepts, but is heading in the same direction. The idea of a small, wearable, AI device is interesting. Ten years from now, when you can run it all on-device and have a hands-free, GPT-8 level conversation with it with no cloud connection may well be a yawn.
Edited my post to explain better.
https://en.m.wikipedia.org/wiki/Magic_Leap
Judging by the downvotes, I didn’t state my point well enough. Magic Leap took a LOT of money, got a lot of hype, and nearly went out of business multiple times.
But they were also the first ones to demonstrate and kick off overlaying data on top of real world, what we now call Augmented Reality. Their implementation was clunky and the device was expensive, but it showed people a glimpse of what was possible in a head-mounted, immersive form factor. 10 years later, Apple released the Vision Pro which used different tech, but did pretty much what ML1 was trying to do.
I think the Humane AI pin tried some interesting concepts, but is heading in the same direction. The idea of a small, wearable, AI device is interesting. Ten years from now, when you can run it all on-device and have a hands-free, GPT-8 level conversation with it with no cloud connection may well be a yawn.
https://en.m.wikipedia.org/wiki/Magic_Leap
Judging by the downvotes, I didn’t state my point well enough. Magic Leap took a LOT of money, got a lot of hype, and nearly went out of business multiple times.
But they were also the first ones to demonstrate and kick off overlaying data on top of real world, what we now call Augmented Reality. Their implementation was clunky and the device was expensive, but it showed people a glimpse of what was possible in a head-mounted, immersive form factor. 10 years later, Apple released the Vision Pro which used different tech, but did pretty much what ML1 was trying to do.
I think the Humane AI pin tried some interesting concepts, but is heading in the same direction. The idea of a small, wearable, AI device is interesting. Ten years from now, when you can run it all on-device and have a hands-free, GPT-8 level conversation with it with no cloud connection may well be a yawn.
It would be pretty useful to have one of those com badges from Star Trek. That seems to be the form factor.
