Dec 5 : Meta has acquired AI-wearables startup Limitless, maker of a pendant-style gadget that information and transcribes real-world conversations, because the social media large doubles down on efforts to construct AI-enabled client {hardware}.
“Meta recently announced a new vision to bring personal superintelligence to everyone and a key part of that vision is building incredible AI-enabled wearables. We share this vision and we’ll be joining Meta to help bring our shared vision to life,” Limitless co-founder and CEO Dan Siroker stated in a weblog submit on Friday.
Limitless didn’t disclose monetary particulars of the deal.
Earlier this week, Meta employed longtime Apple design govt Alan Dye, a transfer broadly seen as sharpening its concentrate on next-generation units. Meta plans to make use of Limitless’ technical capabilities as a part of its improvement of next-generation AI-enabled wearables.
Meta at the moment has partnerships with EssilorLuxottica manufacturers Ray-Ban and Oakley to make AI-powered good glasses.
“We’re excited that Limitless will be joining Meta to help accelerate our work to build AI-enabled wearables,” a Meta spokesperson informed Reuters.
Limitless, previously generally known as Rewind, makes a wearable “pendant” that clips to clothes or a lanyard. The gadget information conversations, and might generate transcripts and produce searchable summaries by means of a companion app. It is 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 present customers, however the firm will cease promoting units to new prospects, Limitless stated. Existing customers will likely be requested to simply accept revised privateness phrases to take care of service.
Limitless has raised greater than $33 million from traders together with Sam Altman and A16z.