Summary
Humane's AI Pin was a failed attempt at innovation, as the company dropped the price of its device from $699 to $499 and told customers to recycle it. The move comes after the startup announced an acquisition by HP.
Key Points
The AI Pin was initially priced at $699 but was later reduced to $499.
Customers are being asked to 'recycle' their devices, which will mostly stop working in less than two weeks.
HP has acquired Humane's technology as part of the deal.
Why It Matters
The failure of the AI Pin highlights the challenges startups face when trying to innovate and disrupt established industries.
Author
Maxwell Zeff