In 2022, Rewind had simply raised $10 million from a16z and was constructing a private information recording service that promised to privately file your exercise and allow you to search by way of your personal historical past. However that was earlier than OpenAI launched ChatGPT.

Right now, generative AI could make what Rewind had constructed beforehand — a searchable file of your exercise — much more helpful. It’s not so stunning, then, to see the startup pivoting to combine AI extra deeply into its product. The corporate has rebranded to “Limitless,” and is now providing an AI-powered assembly suite and a {hardware} pendant that may file your conversations.

Firm co-founder Dan Siroker first posted the thought of a conversation-recording pendant last October and began accepting orders at $59. In January, he posted that the corporate had finalized a design and goals to ship the product in This fall 2024.

Siroker posted the ultimate design this week, together with the information of the corporate’s pivot. The $99 pendant was posted on X earlier this week. The corporate is accepting preorders and goals to ship the primary batch in August. Siroker mentioned that the corporate plans to honor the preliminary preorders at $59. Earlier on Wednesday, he posted that the startup has already received more than 10,000 preorders for the product.

Product options and the pivot

The Limitless pendant can simply connect to your shirt like a wi-fi mic, or tie it like a necklace with a string and file conversations. The first use case is recording and transcribing conferences, so that you don’t must take notes. The corporate claims that the machine is weather-proof, has a 100-hour battery life and may be charged simply by way of a USB-C port.

The {hardware} additionally has a “consent mode,” which doesn’t file the opposite individual within the dialog except they expressly conform to be recorded. It’s not clear if this mode can be on by default.

Whereas the corporate is just a few months away from transport the {hardware} product, it has already launched an app — accessible on the internet, Mac and Home windows — to file conferences. The app makes use of system audio and a microphone to file, so there is no such thing as a want for a bot to affix these conferences.

The app has options we’ve seen in assembly instruments like Otter, Zoom, TimeOS and TLDV. Siroker advised For Millionaires that the corporate goals to distinguish with instruments like real-time automated notes and mechanically generated assembly briefs primarily based on the contributors and former conferences.

The app is free and comes with limitless audio storage and 10 hours monthly of AI options like transcription, abstract and notes. Limitless AI options are $29 monthly, or $19 monthly if paid yearly.

Picture Credit: Limitless

Siroker mentioned one of many main differentiators is the corporate’s new confidential cloud product that shops information in an encrypted format. Whereas Rewind was largely an area product, the brand new cloud function permits customers to entry information anyplace.

Siroker mentioned the corporate had Leviathan Safety Group carry out a third-party audit on its answer to measure safety.

“Confidential Cloud would possibly sound like an oxymoron, but it surely isn’t. It’s personal by design. Not like the normal cloud, your employer, us as a software program supplier and the federal government can’t decrypt your information with out your permission, even when given a subpoena. Solely you management the decryption of your information,” he advised For Millionaires.

The best way forward

On its web site, Rewind says it has raised greater than $33 million in funding from backers, together with a16z, First Spherical Capital and NEA. The corporate mentioned it hadn’t used any cash from final 12 months’s uncommon Collection A spherical — the place it referred to as for buyers by posting a video on X — so it doesn’t plan to boost any new cash.

The corporate mentioned it can proceed to assist Rewind in its present state however is not going to actively add new options. This implies the startup received’t ship the Home windows app it had promised to construct final 12 months.

“We don’t have any plans to close down or merge Rewind into Limitless. We plan to reimplement a lot of our customers’ favourite Rewind options instantly into Limitless,” Siroker mentioned.

“Customers may even use each merchandise side-by-side and resolve which one they like higher. We hope that over time, they are going to agree with us that the Limitless method is best and that they are going to use that completely.”

The corporate has mentioned that the {hardware} product will reply questions by way of an AI-powered bot primarily based on assembly recordings, connections with private accounts and knowledge on the internet. It’ll additionally provide a platform for builders to construct apps or experiences surrounding the product.

However Limitless’ bigger imaginative and prescient is to construct AI brokers to do issues in your behalf. This appears to be the development for startups working with AI. {Hardware} startups like Humane and Rabbit try to make gadgets with AI instruments in them that promise to be highly effective sufficient to handle some duties for you.

Browsers like The Browser Firm’s Arc and YC-backed SigmaOS are additionally constructing brokers to browse the net for you. Nevertheless, there are plenty of unknowns as output by AI bots remains to be stuffed with errors, and at instances, it’s onerous to make AI perceive the context and intentions of your question. AI-powered brokers performing some work on behalf of you certain sounds dreamy, however we’d have to attend for some time to get there.