Wearable AI Startup Humane Is Said to Explore Potential Sale

Artificial intelligence startup Humane Inc. has been seeking a buyer for its business, according to people familiar with the matter, just weeks after the company’s closely watched wearable AI device had a rocky public launch.

The company is working with a financial adviser to assist it, said the people, who asked not to be identified because the matter is private.

Humane is seeking a price of between $750 million and $1 billion in a sale, one person said. The process is still early and may not result in a deal.

Representatives for Humane didn’t respond to requests for comment. ...