- cross-posted to:
- technology@lemmy.zip
- cross-posted to:
- technology@lemmy.zip
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.”
Their adoption plan was just wrong. Few people want to give up their phones, and the general public has had enough of a learning curve struggle with mobile phones. The device didn’t make sense, at least not in its current state.
The AI bubble will burst soon, and when it does, real innovation will happen.
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.
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?
Even if they did want to give up their phones, they wouldn’t for anything with a two to four hour device. Let alone something that only has a mild neato factor of a low powered laser projector. Smart watches do the same shit with a longer battery life and virtually no one’s replacing their phones with those, either.
And even smartwatches found their own niche on the well being and health space. Since being constantly attached to your wrist they can monitor heart-rate, blood pressure, walking cadence and steps taken. A perfect sport training partner. But this thing doesn’t have any such hook.