Dec 5 : Meta has acquired AI-wearables startup Limitless, maker of a pendant-style machine that information and transcribes real-world conversations, because the social media large doubles down on efforts to construct AI-enabled shopper {hardware}.
“Meta not too long ago introduced a brand new imaginative and prescient to deliver private superintelligence to everybody and a key a part of that imaginative and prescient is constructing unimaginable AI-enabled wearables. We share this imaginative and prescient and we’ll be becoming a member of Meta to assist deliver our shared imaginative and prescient to life,” Limitless co-founder and CEO Dan Siroker stated in a weblog put up on Friday.
Limitless didn’t disclose monetary particulars of the deal.
Earlier this week, Meta employed longtime Apple design government Alan Dye, a transfer extensively seen as sharpening its deal with next-generation gadgets. Meta plans to make use of Limitless’ technical capabilities as a part of its growth of next-generation AI-enabled wearables.
Meta at the moment has partnerships with EssilorLuxottica manufacturers Ray-Ban and Oakley to make AI-powered sensible glasses.
“We’re excited that Limitless will likely be becoming a member of Meta to assist speed up our work to construct AI-enabled wearables,” a Meta spokesperson advised Reuters.
Limitless, previously generally known as Rewind, makes a wearable “pendant” that clips to clothes or a lanyard. The machine information conversations, and may generate transcripts and produce searchable summaries by way of a companion app. It’s a part of a rising class of AI assistants designed to enhance reminiscence and on a regular basis productiveness.
Meta and Limitless will proceed supporting current customers, however the firm will cease promoting gadgets to new clients, Limitless stated. Current customers will likely be requested to just accept revised privateness phrases to take care of service.
Limitless has raised greater than $33 million from traders together with Sam Altman and A16z.
