this post was submitted on 22 May 2024
407 points (98.6% liked)

Technology

59534 readers
3199 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

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."

you are viewing a single comment's thread
view the rest of the comments
[–] stealth_cookies@lemmy.ca 45 points 6 months ago (4 children)

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.

[–] ghewl@lemmy.world 8 points 6 months ago

Yep, at high price+monthly fee, too.

[–] sundray@lemmus.org 7 points 6 months ago* (last edited 6 months ago)

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.

[–] erwan@lemmy.ml 4 points 6 months ago

And it was overpriced. I can see people buying a useless toy for 50 bucks, but not for $700.

[–] AA5B@lemmy.world 1 points 6 months ago

I never looked into it, but assumed it was just like an “echo dot”. May deserves a premium for being smaller and belatedly powered, as much as $30?