Humane AI finally shuts down, HP pays $116m for the pieces — not including the Ai Pin
Humane, creator of the fabulous and literally nonfunctional Ai Pin gadget — that’s “Ai,” not “AI” — has finally thrown in the towel. After Humane took $230 million in …
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With the whole capital ventures losing 50% value, they likely expected that.
VC don't go in thinking everything will net them a profit. They expect to lose on most, but that one that does kick off covers for everything that failed.
Plus it's not like they lose much in the end. Those capital losses get used to offset any capital gains from the one that worked.
per link, venture capital has been very reluctant to unambiguously realise the losses. a $1b book value is an (imaginary) asset you can hug and hold, a $114m loss is not.
venture capital has been very reluctant to unambiguously realise the losses
don't believe the broadsheets / the gravy train's a-rockin'