Prior reports indicated that a startup named Humane, founded by former Apple employees, the creators of AI Pin smart clothing devices, has begun negotiations to sell the business after the initial product received poor feedback, leading to a less than ideal situation.
The latest report identifies HP as the company interested in purchasing the business, with Humane proposing a valuation of $1 billion. However, both Humane and HP have declined to comment on the matter.
Humane unveiled AI Pin late last year, but before the product could be delivered, the company announced layoffs, and most recently, informed customers to stop using the device due to the risk of fire hazards.
Source: The Verge
TLDR: Humane, a startup by ex-Apple employees, is in talks for a business sale after poor product feedback, with HP showing interest but no official statements from both parties. The startup introduced AI Pin last year but faced layoffs and safety concerns leading to customer advisory.
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