
Humane purchased for 116 million dollars to HP
Humane had lost investor support in recent months and searched for a buyer. In the first place, the company aimed at a sales of 750 million to 1 billion dollars and finally reached an agreement with HP $ 116 million. However, this agreement does not include the future of the AI pin device. HP, Humane’s approximately 300 patents and a large part of its employees, while the device decided to completely shelf.
This development is bad news for users who buy AI pin. Likewise, Humane’s support documents indicate that if the owners do not download photos, videos and notes stored by providing a connection over Wi-Fi until February 28, 2025, all data will be deleted irreversible.
It will focus on AI features
The new purchase agreement includes Imran Chaudhri and Bethany Bongiorno, the founders of Humane. As it is quoted, this duo will take over a new section of artificial intelligence -oriented within HP. This new unit will focus on integrating AI features into HP’s PC and printer ecosystem. In addition, many engineers and employees from Humane will work in this new department.
Finally, for AI Pin owners, the device is sent back and the option of money is also offered. In addition, those who pay the compulsory subscription system of the device will be able to receive refund according to the unused period. However, the scope of these refunds is very limited due to the completely disabled of the device.