Humane’s latest announcement reveals HP’s acquisition of the primary assets of AI Pin, an artificial intelligence assistant device, in a deal worth $116 million. The deal includes the core Cosmos platform, some employees, and over 300 company patents.
Following the sale, AI Pin will cease operations after February 28th, with user data being deleted. Humane has committed to issuing full refunds to customers who purchased products within 90 days of the announcement, while customers waiting for charger case replacements will receive proportional refunds.
Despite generating buzz upon its launch, AI Pin received lackluster reviews, with tech reviewer MKBHD even dubbing it as one of the worst products he has ever reviewed. This led to ongoing issues within the company, culminating in the negotiation and eventual sale to HP for a revised $116 million.
HP states that the acquisition of Humane will bolster the development of smart AI assistant devices, both at the device and cloud levels.
Source: The Verge and HP
**TLDR: HP acquires core assets of AI Pin from Humane for $116 million to enhance smart AI assistant development. AI Pin to halt operations, issue refunds to customers, following lackluster reviews.
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