Humane, the startup behind the poorly-reviewed AI Pin wearable pc, is already looking for a potential buyer for its enterprise. That’s in accordance with a report from Bloomberg, which says the firm — led by former longtime Apple staff Imran Chaudhri and Bethany Bongiorno — is “seeking a price of between $750 million and $1 billion.”

That is perhaps a powerful promote after the $699 AI Pin’s debut: the gadget has been broadly panned for its gradual responses and a consumer expertise that falls effectively in need of the always-on, wearable AI assistant idea that its founders promised in the run-up to the gadget’s launch. The product was pitched at the least partially as a manner for folks to be extra current and cut back their ever-growing dependence on smartphones.

Humane developed its personal working system referred to as CosmOS that runs on the AI Pin. It hooks into a community of AI fashions to fetch solutions for voice queries and to research what the built-in digicam is pointed at. For some interactions, the gadget beams out a laser “display” that is projected onto the wearer’s inside palm. A month-to-month subscription is required to maintain the gadget energetic.

Humane was valued at $850 million by buyers in 2023, however that was earlier than its first-ever product was universally criticized by reviewers. There are some novel and intelligent concepts in there, however the AI Pin’s software program is underbaked and too inconsistent, and the {hardware} has exhibited poor battery life and overheating points. Humane has pledged to handle a few of these bugs with firmware updates. Simply final week, it rolled out OpenAI’s GPT-4o mannequin to additional improve the gadget’s smarts.

The record of potential consumers for Humane appears fairly small contemplating the worth that the startup is hoping to fetch. Amazon, Apple, Google, Meta, and Microsoft are all making important pushes into the AI realm — with giant language fashions and generative AI turning into extra prevalent by the day — nevertheless it’s unclear how a lot worth Humane’s mental property would actually deliver to any of their ongoing efforts.