[ad_1]
\n<\/p>\n
It emerged recently that Humane<\/a> was trying to sell itself for as much as $1 billion<\/a> after its confuddling, expensive and ultimately pretty useless AI Pin flopped. A New York Times<\/em><\/a> report that dropped on Thursday shed a little more light on the company’s sales figures and, like the wearable AI assistant itself, the details are not good.<\/p>\n By early April, around the time that many devastating reviews of the AI Pin were published<\/a>, Humane is said to have received around 10,000 orders for the device. That’s a far cry from the 100,000 it was hoping to ship this year, and about 9,000 more than I thought it might get. It’s hard to think it picked up many more orders beyond those initial 10,000 after critics slaughtered the AI Pin.<\/p>\n At a price of $700 (plus a mandatory $24 per month for 4G service), that puts Humane’s initial revenue at a maximum of about $7.24 million, not accounting for canceled orders. And yet Humane wants a buyer for north of $1 billion after taking a swing and missing so hard it practically knocked out the umpire.<\/p>\n HP is reportedly one of the companies that Humane was in talks with over a potential sale, with discussions starting only a week or so after the reviews came out. Any buyer that does take the opportunity to snap up Humane’s business and tech might be picking up somewhat of a poisoned chalice. Not least because the company this week urged its marks<\/del> customers to stop using the AI Pin’s charging case over a possible \u201cfire safety risk.\u201d<\/a><\/p>\n<\/div>\n