{"id":7150,"date":"2025-02-19T01:27:13","date_gmt":"2025-02-19T01:27:13","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/hp-to-buy-humane-maker-of-the-ai-pin-for-116-million\/"},"modified":"2025-02-19T01:27:13","modified_gmt":"2025-02-19T01:27:13","slug":"hp-to-buy-humane-maker-of-the-ai-pin-for-116-million","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/hp-to-buy-humane-maker-of-the-ai-pin-for-116-million\/","title":{"rendered":"HP to Buy Humane, Maker of the Ai Pin, for $116 Million"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Humane, the ambitious start-up behind <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2023\/11\/09\/technology\/silicon-valleys-big-bold-sci-fi-bet-on-the-device-that-comes-after-the-smartphone.html\" title=\"\">the Ai Pin device<\/a> that aimed to one day replace smartphones, agreed to sell parts of its business to HP for $116 million, the companies said on Tuesday.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">HP said it planned to acquire Humane\u2019s \u201cA.I. capabilities,\u201d including its software platform, intellectual property, patents and some employees. The Ai Pin will be shut down, Humane said in a message to customers.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The deal caps a downfall for the high-flying start-up, which heavily promoted the $699 pin with ads, a TED Talk and at Paris Fashion Week with supermodels. Humane raised $240 million in funding from high-profile investors, including Marc Benioff, the chief executive of Salesforce, and his counterpart at OpenAI, Sam Altman, valuing the company at $850 million before it released a product.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Humane was created by Imran Chaudhri and Bethany Bongiorno, husband-and-wife founders who previously worked at Apple. The pair envisioned a wearable device that people would clip to their clothes and interact with using voice commands and a laser display projected onto their hand. The idea was to cut down on time spent staring at smartphone screens.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">But the Ai Pin, which began shipping to customers last spring, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/06\/technology\/humane-ai-pin.html\" title=\"\">was a flop<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Reviewers criticized the product, with the A.I. software often giving wrong answers or taking a long time to respond, while the pin\u2019s batteries sometimes overheated. Humane had hoped to sell 100,000 pins in its first year but got only around 10,000 orders. At one point, the company told customers to stop using their charging cases because of the fire risk.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Last year, Humane hired an investment bank to sell itself, while also seeking new funding. The start-up sought a sale price of more than $1 billion.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On Tuesday, <a class=\"css-yywogo\" href=\"https:\/\/support.humane.com\/hc\/en-us\/articles\/34374173951373-Important-Update-for-Consumer-Ai-Pin-Customers\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">a letter<\/a> posted to Humane\u2019s website said that the pins would no longer work at the end of this month and that customer data would be deleted. \u201cOur business priorities have shifted,\u201d the letter said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">HP, which sells an estimated 53 million PCs a year, has said it wants to add A.I. capabilities to its laptops to make them more useful. Last year, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/05\/20\/technology\/microsoft-copilot-ai-pc.html\" title=\"\">HP worked with Microsoft<\/a> to develop a line of A.I. computers called Copilot+ PCs.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">In its announcement, HP said it would use Humane\u2019s technology to become a more \u201cexperience-led company.\u201d Humane\u2019s workers will be part of a new innovation lab called HP IQ, which will focus on \u201cbuilding an intelligent ecosystem across HP\u2019s products and services.\u201d Mr. Chaudhri and Ms. Bongiorno will join the company, as will the majority of the start-up\u2019s employees, a HP spokeswoman said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe are investing and innovating aggressively in new A.I.-powered capabilities and software,\u201d said Enrique Lores, president and chief executive of HP, during a call with analysts in November. \u201cWe will focus on delivering a cutting-edge A.I.-powered tech.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/02\/18\/technology\/hp-humane-ai-pin.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Humane, the ambitious start-up behind the Ai Pin device that aimed to one day replace smartphones, agreed to sell parts<\/p>\n","protected":false},"author":1,"featured_media":7151,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[451,213,2682,2681,2683,123,2686,1047,2680,2679,2684,2685,450,1208,782,1046,2678],"class_list":["post-7150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-acquisitions-and-divestitures","tag-artificial-intelligence","tag-bethany","tag-bongiorno","tag-chaudhri","tag-computers-and-the-internet","tag-enrique","tag-entrepreneurship","tag-hewlett-packard-company","tag-humane-inc","tag-imran","tag-lores","tag-mergers","tag-smartphones","tag-start-ups","tag-venture-capital","tag-wearable-computing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HP to Buy Humane, Maker of the Ai Pin, for $116 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