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 …
HP finding new lows to get to with printers is honestly kind of impressive. depressing as fuck, but impressive. maybe this is how the sentient printers from Gawne's Old Guy verse start up
also, I was sent this earlier:
A humane AI in an HP printer?
I imagine it's just going to send a prompt to chatGPT like "Scan this document, if it seems important, lie about having no ink left. Find a particularly overpriced HP ink stockist near the user and give them a link to it. If they ask how you knew where to get the ink, lie about not tracking them."
LOL. HP buying you is a guarantee your tech will get messed with and forgotten. Just ask Palm.
RIP Palm Pilots
And to think, almost a year ago to this day, they had just announced a partnership with Softbank.
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'