Meta has acquired Limitless, a startup that produces a pendant-shaped wearable system able to recording and transcribing real-world conversations.
The monetary phrases of the deal weren’t disclosed by Limitless.
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Limitless, which was previously working as Rewind, makes instruments it says are designed to “increase—not change—human intelligence with synthetic intelligence to beat the mind’s limitations.”
Its wearable product data conversations and, utilizing a companion app, supplies transcripts and searchable summaries.
This system is a part of a class of AI assistants focusing on reminiscence assist and productiveness enhancement.
Following the acquisition, Meta and Limitless will proceed to assist present customers however will finish system gross sales to new prospects.
Limitless famous that present customers might want to settle for up to date privateness phrases to maintain utilizing the service.
Limitless co-founder and CEO Dan Siroker mentioned: “I’m excited to share that Limitless has been acquired by Meta. I’m going to share why we joined forces, what this implies for purchasers, and what comes subsequent.
“First, why? After we began Limitless 5 years in the past, the world was very completely different. AI was a pipe dream to many. {Hardware} startups have been thought-about unfundable, and a enterprise that did each AI and {hardware} would have been thought-about ludicrous.
“However right this moment is completely different. The world has modified. We’re not engaged on a bizarre fringe thought. We’re constructing a future that now appears inevitable. We’re not alone.
“Meta lately introduced a brand new imaginative and prescient to convey 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 convey our shared imaginative and prescient to life.”
Limitless has raked in additional than $33m from buyers comparable to OpenAI CEO Sam Altman, First Spherical Capital, Andreessen Horowitz, and NEA.
In the meantime, Meta already has partnerships with EssilorLuxottica manufacturers Ray-Ban and Oakley for good glasses that includes AI capabilities.
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