HP acquisition gives failed AI wearable startup a humane death

The Humane AI Pin, a screenless wearable AI computing device launched in November 2023, represented an ambitious attempt to reimagine human-computer interaction through voice commands, gestures, and projected displays. HP’s acquisition of Humane AI for $116 million marks the end of this experimental hardware while securing valuable AI intellectual property and talent.

The acquisition details: HP will acquire Humane’s AI platform Cosmos, technical talent, and over 300 patents and patent applications, while discontinuing the AI Pin hardware product.

• The $116 million deal focuses primarily on Humane’s AI capabilities rather than its hardware offerings
• HP plans to integrate Humane’s AI technology across its product lineup, from AI PCs to smart printers and connected conference rooms
• The acquisition includes key technical personnel who will join HP’s team

Product history and market reception: The Humane AI Pin faced significant challenges during its brief time in the market, leading to its ultimate discontinuation.

• The device launched in November 2023 with a $699 price tag
• Early adopters and prominent tech reviewers, including Marques Brownlee, provided highly negative feedback
• Technical issues emerged, including potential fire hazards related to the battery clip
• The product was subsequently labeled as one of the biggest tech flops of 2024

Strategic implications for HP: The acquisition represents a significant move to enhance HP’s AI capabilities across its product ecosystem.

• HP has been relatively quiet in the AI innovation space compared to competitors
• The company aims to leverage Humane’s technology to unlock new functionality for customers
• The integration of Humane’s AI capabilities could help HP compete more effectively in the growing AI-enabled device market

Corporate statements and transition: Both companies have expressed optimism about the merger while carefully avoiding mention of the AI Pin’s future.

• Humane’s co-founders Bethany Bongiorno and Imran Chaudhri praised the opportunity to shape “intelligent experiences” with HP
• Official statements from both companies notably omit any reference to the AI Pin’s hardware
• Current AI Pin owners may potentially receive discounts on future HP products featuring Humane’s AI technology

Looking ahead: While the AI Pin’s failure highlights the challenges of introducing radical new form factors in consumer technology, the intellectual property and expertise acquired by HP could prove valuable in enhancing more conventional products with AI capabilities.