Limitless, the AI startup formerly generally known as Rewind, has been acquired by Meta, the corporate announced on its website Friday. The company, which has developed an AI-powered counterpart to recording your conversations, says it can not sell its hardware devices and can maintain support for its existing customers for a yr.
Customers not have to pay a subscription and shall be switched to the Unlimited plan for now. Other features are being phased out, including the non-dependent software “Rewind,” which recorded users’ desktop activity and turned it right into a searchable data set.
The startup founded by Brett Bejcek And Dan Siroker, Co-founder and former managing director of Optimizedemerged as an AI device maker last yr and is offering its Limitless counterpart for $99. The wearable may be clipped to your shirt like a wireless microphone or worn like a necklace. The device is one in all several AI hardware devices available on the market, including one other (not thoroughly received) AI follower generally known as Friend.
According to Limitless' announcement, the corporate shares Meta's vision of “bringing personal superintelligence to everyone,” which incorporates developing AI-enabled wearables. (Meta is currently focused on AR/AI glasses just like the Ray-Ban Meta and Oakley Meta, in addition to its lensed AI glasses, the Meta Ray-Ban Display.) Limitless said it can help bring that vision to life — which likely means supporting Meta's existing products, not helping Meta add an AI counterpart to its lineup.
The company noted that increasing competition out there was making it difficult for it to compete, especially because the larger players comparable to OpenAI and Meta are also developing their very own hardware devices.
“When we began Limitless five years ago, the world was very different,” Siroker wrote within the announcement. “AI was a pipe dream for a lot of. Hardware startups were considered unfundable, and an organization doing each AI and hardware would have been seen as ridiculous. But today is different. The world has modified. We aren’t any longer working on an odd fringe idea. We are constructing a future that now seems inevitable. We should not alone.”
Meta shared the next statement with TechCrunch via email: “We are pleased that Limitless will join Meta to speed up our work to develop AI-enabled wearables.” The tech giant didn’t provide any further details about its plans.
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Limitless offers its customers a chance to do that export Your data, the corporate said, or users can opt-in delete your data from the app.
The startup had raised greater than $33 million in funding from investors including a16z, First Round Capital and NEA.
