On Friday, Humane AI unveiled the Humane AI Pin, a hardware launch that soaked up media attention to close out the first full week of November. Should investors be excited about this much-hyped piece of tech hardware? Let’s dive in.
The development of artificial intelligence (AI) has inspired discussion, debate, and considerable enthusiasm among the investing community. However, that chatter reached a new level after ChatGPT was launched in late 2022. The sophisticated AI chatbot was significantly more advanced than its predecessors. Its success has spawned a slew of competitors, including the recent release of Grok, Elon Musk’s answer to the chatbot.
Humane’s AI Pin was the subject of much speculation ahead of its demonstration last week. The system itself is designed to be attached to the user’s clothing. The AI pin uses a range of microphones, speakers, and a display that projects onto the user’s hand. Customers will have to fork over $699 to purchase the Humane AI Pin. The pin allows users to access AI systems that can answer incredibly varied questions. It can also provide real time language translations.
As with any hardware launch, the Humane AI Pin also had detractors that questioned its usefulness. Preorders for the pin will open on November 16th. The Humane AI Pin is an ambitious product that aims to make use of the leaps made in AI while also providing a forward-thinking alternative to the smart phone. This is a product that investors should keep an eye on as it is set to be available to customers in 2024.