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Apple Will Release An AI Update That Eradicates A $230 Million Funded Startup.
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Business Analysis

Apple Will Release An AI Update That Eradicates A $230 Million Funded Startup.

Talk about a being in a bad position.

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AL Anany
Jun 01, 2024
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Apple Will Release An AI Update That Eradicates A $230 Million Funded Startup.
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A couple who worked at Apple for years decided to ditch the company and create their own device - an AI hardware device that replaces the iPhone. It looks like this:

Image from Humane

Their idea was simple — you don’t need the phone screen anymore. You just need an AI assistant to talk to, who can take pictures and tell you stuff like the weather or call people.

They just launched recently, and then the internet world was not so kind to them because... well, they overpromised and underdelivered. The most critical review I’ve seen was on YouTube, with over 7.6m views.

They built this idea in the customers’ minds that it’s the perfect AI pin to put on your shirt and just throw away your phone.

  • It overheated.

  • It was uncomfortable.

  • It was SLOW.

  • It had a buggy hologram screen.

But that’s what these things usually get with their first release. There’s a chance that they will come out of this. Although, inner reports are saying that they are interested in selling the company for $750m - $1b. Are you interested in buying a company with no customers and a not-so-good product for this amount? We live in weird times.

Anyhow, so then Apple, the company that they previously worked for decided to partner with OpenAI and add it to the iPhone in a new software update.

The new operating system update will let users control app features with Siri, making it slightly useful (Don’t look at me; I love Siri and always use it for the weather and a timer.)

So, at this stage, your new iPhone will be voice-controlled if you wish.

  1. Humane, an ai pin that lets you do things with your voice.

  2. iPhone, a phone with over 1.8 million apps that lets you do things with your voice if you want.

Tough spot. But that’s always expected when you try to take on an entire industry. You do your best and wish for a loyal customer base. For instance, the iPad has a pencil and writing. Yet, if you start researching what the best writing tablet is, the remarkable stands out.

It took on a particular feature of the iPad and took sales from them by perfecting this part.

  • They focused.

  • They were patient.

  • They improved.

  • They sold over 1 million devices.

The business world is not a fairy tale. It’s not easy to take on a big corporation, even if you have $200 million of funding. You need to be speaking to customers and only customers, as they’re the root of such companies’ growth.

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Are You In The Seed To Series B Round? Raising $1M-$40M? Do You Have $250k+ ARR? This is a Warm Introduction Opportunity.
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