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.”
alright guys I’ll take one for the team and buy the company
Relevant username.
I’m gonna buy you too windie
Pretty sure that’s been illegal since 1865
Like with everything, only if you do not have enough money.
You obviously don’t know who Leroy Jenkins is, the laws of man do not apply.
So this is scam right? Overpromise on a product that doesn’t work then sell the company for some huge price because it’s cutting edge technology? Because it feels like a scam.
$750m? That company worth about three fiddy.
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.
Even if they did want to give up their phones, they wouldn’t for anything with a two to four hour device. Let alone something that only has a mild neato factor of a low powered laser projector. Smart watches do the same shit with a longer battery life and virtually no one’s replacing their phones with those, either.
And even smartwatches found their own niche on the well being and health space. Since being constantly attached to your wrist they can monitor heart-rate, blood pressure, walking cadence and steps taken. A perfect sport training partner. But this thing doesn’t have any such hook.
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
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.
Surely the Star Trek fantasy is doing the above stuff. Star Trek is all about how money doesn’t exist in the future
The problem is they’re not creating a Star Trek future
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.
