HP to Acquire AI Startup Humane’s Assets for $116 Million (1)

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 computers, printers and connected conference rooms, said Tuan Tran, who ...