What Is Humane AI Pin, One Of Time Magazine's 'Best Inventions Of 2023?'
Portfolio Pulse from Rounak Jain
Humane AI Pin, a product by Humane, a company started by two former Apple executives, has been named one of Time Magazine's 'Best Inventions of 2023'. The device, powered by Microsoft-backed OpenAI's ChatGPT, attaches to clothing and allows users to perform tasks like making calls and sending texts using voice commands. It also has a built-in camera for identifying objects and a laser projection system. Humane has raised $230 million from investors including Microsoft, OpenAI's Sam Altman, Tiger Global, Qualcomm Ventures, and Salesforce CEO Marc Benioff.
October 25, 2023 | 11:41 am
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NEUTRAL IMPACT
Two former Apple executives are behind Humane, the company that developed the Humane AI Pin.
While the news is positive for Humane, it's not directly related to Apple's current operations or products. Therefore, the impact on Apple's stock is neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Microsoft-backed OpenAI's ChatGPT powers the Humane AI Pin. Microsoft is also an investor in Humane.
Microsoft's investment in Humane and the use of its backed AI in the Humane AI Pin could potentially boost Microsoft's reputation in the AI field, possibly having a positive impact on its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Humane has partnered with Qualcomm to use its chipsets to power its devices.
The partnership with Humane for its AI Pin could potentially increase demand for Qualcomm's chipsets, possibly having a positive impact on its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70