Synopsis Humane also said that it is collaborating with OpenAI, the creator of AI products such as ChatGPT ETtech Humane Inc, a startup founded by former Apple Inc employees, said on Wednesday it has raised $100 million and will release its first products this spring. The company, founded in 2018 by Imran Chaudhri and Bethany Bongiorno , has now raised $241 million but has yet to disclose what it is building, saying only that it is a "software platform and consumer device built from the ground up for artificial intelligence. " A video posted by the company and patent filings suggest that a wearable device will project information onto the real world and allow users to manipulate that information with their hands. Humane also said that it is collaborating with OpenAI, the creator of AI products such as ChatGPT that can generate human-like conversational text and Dall-E that can generate images, to integrate OpenAI 's technology into Humane's device. Sam Altman , OpenAI's founder and a previous Humane investor, participated in funding round on Wednesday, the company said. Humane also said that Microsoft Corp, which has built a massive cloud computing infrastructure specifically for AI, took part in the funding round. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Humane said it will partner with Microsoft's cloud to bring Humane's software services platform to market. "Our products are built on an integrated device and cloud platform that will allow us, and others, to create AI-driven experiences that feel natural, fun and needed," Patrick Gates, another Apple veteran who is Humane's chief technology officer, said in a statement. Humane also said that it is working with Korean electronics giant LG Electronics Inc "on potential (research and development) projects for the next phase of Humane products" and with Volvo Car's Tech Fund on "a potential future collaboration which would be the first example of Humane's offering being applied to the automotive industry. " Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Thursday, 09 Mar, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics Disruption Companies & Economy More Short-term Yields Up, Re Down After Powell Rate Signal Bond yields at the shorter end of the curve exceeded those of long-tenor sovereign debt in India while the rupee retreated Wednesday, reflecting the likelihood of outflows from local assets after the US Federal Reserve indicated rates would continue to harden. India to Top China as Walmart’s Largest Int’l Market in ’23: CFO India is likely to surpass China and emerge as the largest international market for Walmart this year, a top company executive said. Sebi Mulls PCVs to Offer Long Funding Amid allegations of fierce valuation games that drive startups to dress up numbers and venture capitalists to spin stories to investors, the idea of permanent capital vehicles (PCVs) to offer long, patient funding to unlisted outfits of Indian entrepreneurs is being explored. Read More News on Humane funding Imran Chaudhri Bethany Bongiorno Apple OpenAI Sam Altman ChatGPT Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. . . . more less ETPrime stories of the day Auto After a dream restart, why are Jawa and Yezdi selling in niche numbers? Think capacity constraints. 8 mins read Strategy A balancing act: key takeaways for India from G20 ministers’ meeting 7 mins read Investing Growth will be theme in 2023; manufacturing to offer opportunities: Neelesh Surana of Mirae Asset 5 mins read Subscribe to ETPrime.