Pulse, a health-wearable DePIN company, has announced the closure of its independent operations due to capital constraints and a shift in investment focus towards AI. The company will transition its users to the JStyle app, its OEM partner, by May 14, 2026. Users must migrate their data to maintain device functionality. DePIN projects like Pulse face significant capital expenditure challenges, as they require the design, manufacture, and distribution of physical goods. The lack of venture capital for physical infrastructure, compared to the hype around liquid tokens and AI, has left hardware-heavy firms struggling financially. Pulse's attempt to pivot towards AI was unsuccessful, highlighting the difficulties of integrating AI into a failing hardware business. Pulse's shutdown reflects a broader trend in the crypto space, where projects that did not secure long-term funding during the 2024-2025 bull run are now facing financial difficulties. Users are advised to upgrade their firmware and export their data before the May deadline to avoid losing access to their health metrics.