Auto-Filling SEO Website as a Gift
Launch Your AI-Powered Business and get clients!
Humane's AI Pin Faces High Return Rates and Financial Struggles
Humane's AI Pin, priced at $699, has experienced a high number of returns since its release in April. According to internal sales data, between May and August, more units were returned than purchased. The negative reviews received at launch have contributed to the low sales figures. Despite raising over $200 million in funding, Humane has only achieved lifetime sales of just over $9 million for the AI Pin and accessories.
The company is exploring options to stabilize operations, including a potential purchase by HP and negotiations with current investors. The inability to refurbish returned units is a challenge for Humane, as T-Mobile limitations prevent them from assigning a returned Pin to a new user. With turnover in executive roles and software engineering leadership, Humane faces obstacles in moving forward. However, the company remains committed to improving the product and aims to unlock a new era of computing.
Brief news summary
Humane, the company behind the AI Pin, has been facing major challenges since the device's launch. Internal sales data shows that between May and August, more AI Pins were returned than purchased. The negative reviews from users and experts have contributed to the low sales figures. The company has raised over $200 million in funding but has only brought in just over $9 million in lifetime sales. Humane is now attempting to stabilize its operations and is exploring options such as potential acquisition by HP or raising debt from current investors. The inability to refurbish returned Pins and limitations with the T-Mobile network have added to the company's difficulties. Humane has seen turnover in its executive roles and software engineering leadership, causing further disruption. Despite these challenges, Humane remains committed to improving the product and has released software updates to address user feedback.
AI-powered Lead Generation in Social Media
and Search Engines
Let AI take control and automatically generate leads for you!
I'm your Content Manager, ready to handle your first test assignment
Content Maker
Last news
The Best for your Business
Learn how AI can help your business.
Let’s talk!
AI-Powered Cybercrime Leads to Record Losses, FBI…
Artificial intelligence (AI) has transformed numerous industries, from healthcare to finance, driving remarkable advancements.
XRP’s Global Recovery and the Rise of Blockchain …
As the cryptocurrency market evolves, Ripple's XRP token is reemerging as a strong candidate for mainstream adoption.
AI in Transportation: Autonomous Vehicles and Sma…
Artificial intelligence (AI) is rapidly emerging as a transformative force in reshaping transportation, offering significant advancements to improve safety, efficiency, and convenience for all road users.
Investing in the Blockchain Boom
Since Bitcoin’s 2009 debut, blockchain and distributed ledger technology have evolved from niche curiosities into fundamental components of financial systems, supply chains, and digital ecosystems.
AI exoskeleton gives wheelchair users the freedom…
Caroline Laubach, a spinal stroke survivor and full-time wheelchair user, serves as a test pilot for Wandercraft’s AI-powered exoskeleton prototype, which offers more than just new technology—it restores freedom and connection often missing for wheelchair users.
AI-Powered Cybercrime Drives Record Losses
A recent FBI report reveals a sharp rise in AI-driven cybercrime, causing record financial losses estimated at $16.6 billion.
How can the US get to the front of AI development?
Participate in the discussion Sign in to leave comments on videos and be part of the excitement
Auto-Filling SEO Website as a Gift
