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Humane’s daily returns are outpacing sales
After raising $200 million from investors, Humane has only sold $9 million worth of products and has received $1 million in returned products.
In January, Humane laid off 4 percent of employees as a cost cutting measure ahead of the AI Pin’s launch. Imran Chaudhri, president and cofounder of Humane, debuted the product to significant buzz when he first demoed the AI Pin onstage during a TED Talk in April 2023. After a small group of testers — which included the cofounders’ parents and friends, several investors, and employees — received Pins prior to the device’s public launch, many voiced concerns about the product.
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