HP Acquires Humane AI Assets In $116 Million
Humane AI Pin piqued people's interest with its new functions, AI platform, and other features, but the device will be discontinued after being purchased by HP.
HP Acquires Humane AI Assets In $116 Million
On Tuesday, HP (Hewlett-Packard) revealed a definitive agreement to acquire essential AI capabilities from Humane, the once-promising startup known for the AI Pin device. As part of this deal, HP will obtain Humane’s AI software platform, as well as its intellectual property, patents, and skilled workforce. In response to this acquisition, Humane has notified its customers that the AI Pin will be phased out.
This strategic decision is set to transform HP into a more experience-oriented company.
Furthermore, HP will launch a new AI lab called HP IQ after combining Humane's engineers, architects, and product creators into its Technology and Innovation Organization. This lab intends to create an intelligent environment for HP's products and services that meets the needs of the future workplace.
Talking about the acquisition, Tuan Tran, President of Technology and Innovation at HP, said, "Humane’s AI platform Cosmos, backed by an incredible group of engineers, will help us create an intelligent ecosystem across all HP devices from AI PCs to smart printers and connected conference rooms. This will unlock new levels of functionality for our customers and deliver on the promises of AI."
Commenting on the acquisition, Bethany Bongiorno and Imran Chaudhri, Co-founders of Humane, stated, "We’re excited to join HP at such a pivotal moment in the industry and help shape the future of intelligent experiences. HP’s scale, global reach, and operational excellence—combined with our design-led approach, integration technology, and engineering expertise—will redefine workforce productivity."
