HP to acquire assets from Ai pin startup Humane

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HP Inc. will acquire assets from Humane Inc., the maker of the 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…



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HP to acquire assets from Ai pin startup Humane


HP Inc. will acquire assets from Humane Inc., the maker of the 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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