HP To Acquire Parts of Humane, Shut Down the AI Pin

An anonymous reader quotes a report from Bloomberg: HP will acquire assets from Humane, the maker of a wearable Ai Pin introduced in late 2023, for $116 million. The deal will include the majority of Humane's employees in addition to its software platform and intellectual property, the company said Tuesday. It will not include Humane's Ai pin device business, which will be wound down, an HP spokesperson said. Humane's team, including founders Imran Chaudhri and Bethany Bongiorno, will form a new division at HP to help integrate artificial intelligence into the company's personal computers, printers and connected conference rooms, said Tuan Tran, who leads HP's AI initiatives. Chaudhri and Bongiorno were design and software engineers at Apple before founding the startup.

Tran said he was particularly impressed with aspects of Humane's design, such as the ability to orchestrate AI models running both on-device and in the cloud. The deal is expected to close at the end of the month, HP said. 'There will be a time and place for pure AI devices,' Tran said. 'But there is going to be AI in all our devices -- that's how we can help our business customers be more productive.'

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