Why do people care so much that it’s an app? If it was not an app would everyone have been buying it in droves?
At least part of this is due to a direct quote from the CEO mentioning how they need a VERY bespoke Android version for it to run, which is clearly bullshit because you can run the APK on other devices other than the Rabbit R1 hardware.
Since Rabbit was at least partially funded by the “Cyber Manufacture Co” rug-pull and they suffered NO penalty the CEO has taken this as a sign the market will tolerate his scams. You should view the Rabbit R1 through the lens of it being a former “web3” company and I’m sure the shady legacy remains inside that company.
Since Rabbit sells at $199 and then NO monthly charge, there is basically no viable funding model for this company. Every single request you send the Rabbit costs them money. So, it’s only a matter of time before the R1 itself is “rugged”, whether that’s suddenly requiring a monthly fee OR just shutting down entirely.
My guess would be, like the Humane Pin, they wanted to do a monthly fee, but if they did the R1 would sell even worse (since it’s basically entirely broken out of the box). If these guys make it 3 years I’ll be surprised. And, since the R1 does nothing locally, it turns into a nice paperweight when these guys eventually pull THIS rug.
From NFT to AI, no surprise there.
That was exactly what I was thinking when I read the article. I didn’t know that’s what they were doing before this, but after reading multiple reviews saying what a piece of shit the Rabbit is, I was not at all surprised they used to hawk NFTs.
It would make me laugh so hard if the thing subtly tried to sell you crypto in its answers
Unfortunately, that nightmare is absolutely on its way. The moment companies work out how to secure their initial prompts, they’ll start selling product placement. As the technology continues to become more accessible, it will be used for astroturfing and manipulating financial markets.
A decade from now, social media is just going to be an endless flood of secret AI sales reps trying to convince other secret AI sales reps to buy their shit products, vote for their shit candidates or follow their shit investment advice.
I mean these kinds of “AI companions” are grifts anyway. They won’t take off because they are a solution looking for a problem. They aren’t as affordable as the entry level HomePod/Amazon Pod/Google Home units, so they can’t be bought as a “why not, and it’s a speaker anyway” type thing. They don’t have any secondary functionality you don’t already have in your phone.
And if that’s not enough, you can bet your cute arse on that Apple and Google are both working on bringing LLM functions into their assistants, basically making these units obsolete.
The moment that these companies decide that they can’t afford to pay for servers and API subscriptions anymore, the service will die and you’ll end up with a colourful brick. Don’t buy these things, they’re unfinished and will die within a year or two.
Absolutely a grift.
The CEO is a fucking joke. This is their bio on linkedin.
Serial Entrepreneur, semi - Pro Lamborghini Super Trofeo racer, music producer, car and vintage synth collector.
Only the first item is related to business, and even that implies repeated failure.
The resume of someome who had never done an honest day’s work in their life.
Did they forget smartphones exist? Why would I want another device for something my smartphone could do?
All they had to do was swap NFT with AI and their deck was ready to go
Which is hilarious because they are actually marketing jokes where this is the punchline
damn I forgot about NFTs. That shit was funny
You just don’t get it bro, owning jpegs is the future
You didn’t even own the jpeg. You owned a link to a jpeg which could be switched out with another jpeg at any time.
If anyone is interested in actually owning the jpeg
How do you define “own”.
You get the full rights to use them, and the artist abandons their copyright to it
OK. So own here means exclusively resell. Thanks.
I note that NFT is not mentioned once. Is that because this isn’t blockchain based?
No lol, you just buy the copyright to the image. There is nothing crypto here, just a way for artists to get money and people actually get something in return for their payment.
Why do people care so much that it’s an app? If it was not an app would everyone have been buying it in droves?
Because it means the $200 hardware is pointless.
Isn’t the point of the device that there’s no screen and you talk to it? You can’t clip your phone to your chest.
Not that I would buy the device, it seems like they are trying to sell a story or futurism vibe to replace the “classic smartphone experience”.
I think you’re thinking of the humane AI pin.
It has a screen. You’re thinking of the Humane Ai Pin, which projects a screen on your hand but is mostly meant to just be talked to.
Plenty of companies pivot when their initial business plan doesn’t work out or if the market changes.
For example, did you know that American Express used to be a shipping company like FedEx and UPS? Or Mattel used to sell picture frames before they started making toys? Or Nintendo started out as a playing card company and still sells them today?
Yeah but the people running this seem to only be interested in pivoting between whatever the current grift is. We should come up with a word for people who do that, maybe something like “grifters”.
How are they still in business?
Luck. The one that was formed by former English Nijisanji managers went immediately bankrupt, and also had dire consequences to Nijisanji itself (which also tried to step into NFTs at one point if it wasn’t for the talents) as those managers were now missing from the company.
Basically if you were lucky and able to sell your NFTs for a hyperinflated price to be used in money-laundering schemes while you also profiting off of them on every transaction. If not, then your life savings were wasted on some crappy commissions.
It takes time for your bad consequences to catch up with you. Since the idea is clearly horseshit, I doubt the CEO put a large amount of his money on the line. It will take him some time to piss through the investor money and then you will see a sad “goodbye” message from Rabbit Inc. as they brick the devices on the way out. (since it does nothing without their server)
I’m guessing they won’t be for long.
It seems the way VC’s throw money at pure unadulterated hype, don’t count them out just yet. So long as you’re good at marketing, you don’t have to be good at development; you don’t have to have a good idea; you don’t have to have a product that does what you’ve promised, works or even exists… they’ll shower a literal pile of shit with money until it sparkles like a Faberge egg if you can only generate buzz.
Then why not just make a new company?
Why bother? They made a bunch of money with the rug pull and suffered no consequences. Scammers are usually lazy.
Save a few thousands for incorporation fees also some bs experience that you can use to boast to vc investors
