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.”
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.”
They designed a product that doesn’t solve a problem that anyone has. On top of that they designed something that doesn’t even work well.
Yep, at high price+monthly fee, too.
If they had a couple of unbeatable patents that they just couldn’t figure out how to turn into products, that’s almost forgivable – you blew your launch, so you sell out to a company who has the resources to make your ideas into something the public will buy. But as far as I can tell, these guys don’t really have any IP worth buying them out for.
And it was overpriced. I can see people buying a useless toy for 50 bucks, but not for $700.