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Humane, Whose AI Pin Flopped, to Sell Assets to HP
- Humane, creator of the Ai Pin, is selling its assets to HP for $116 million after facing negative user reviews and low sales numbers.
- HP will acquire Humane's AI-powered platform called Cosmos, technical staff, and over 300 patents, forming HP IQ, a new innovation lab.
- The Ai Pin, designed by Apple executives, received criticism for malfunctions, high price, and overheating issues, leading to its downfall.
- Early adopters found the Ai Pin impractical, citing problems with functionality, response times, and design flaws like an unreadable projected text.
- Experts suggest that Humane failed to identify a compelling use case and market demand, despite having a strong team with Apple backgrounds.
- HP plans to integrate Humane's AI tech into its products, aiming to enhance AI capabilities in PCs, printers, and workplace solutions.
- The acquisition signifies HP's strategic shift towards experience-driven computing and positions the company competitively in the AI-enabled devices market.
- Humane's co-founders highlight the synergy between Humane's design expertise and HP's global scale to redefine workforce productivity.
- As tech giants race to incorporate AI into hardware, HP's deal with Humane is expected to boost its presence in the AI-powered devices sector.
- The transaction is set to finalize by the end of the month, subject to standard closing conditions in the tech industry.
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