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Market response to Humane's sale announcement
5
Resolution / Starting Odds
Stock price increases • 33%
Stock price decreases • 33%
No significant change • 34%
Stock market data and financial news analysis
Story
AI Startup Humane Seeks Buyer for $750M-$1B Weeks After Rocky AI Pin Launch
May 22, 2024, 01:35 AM
AI startup Humane is seeking a buyer for its business, targeting a price between $750 million and $1 billion. The company, known for its AI Pin device, is pursuing a sale just weeks after the product's rocky public launch. Humane had previously raised $230 million in funding. The potential sale comes amid widespread negative reviews of the AI Pin. The news was reported by Bloomberg, with contributions from Liana Baker and Mark Gurman.
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