A 116M acquihire. This sounds like a really bad decision on HP's part unless we're missing details, especially since HP has mostly moved out of Cupertino to Houston
> The deal will include the majority of Humane’s employees in addition to its software platform and intellectual property, the company said Tuesday. It will not include Humane’s Ai pin device business, which will be wound down, an HP spokesman said.
> Humane’s team, including founders Imran Chaudhri and Bethany Bongiorno, will form a new division at HP to help integrate artificial intelligence into the company’s personal computers, printers and connected conference rooms, said Tuan Tran, who leads HP’s AI initiatives.
Edit: the article doesn't say this, however they raised 230M, so it's possible Humane has 115M in the bank and they acquire this through the acquihire.
A 116M acquihire. This sounds like a really bad decision on HP's part unless we're missing details, especially since HP has mostly moved out of Cupertino to Houston
> The deal will include the majority of Humane’s employees in addition to its software platform and intellectual property, the company said Tuesday. It will not include Humane’s Ai pin device business, which will be wound down, an HP spokesman said.
> Humane’s team, including founders Imran Chaudhri and Bethany Bongiorno, will form a new division at HP to help integrate artificial intelligence into the company’s personal computers, printers and connected conference rooms, said Tuan Tran, who leads HP’s AI initiatives.
Edit: the article doesn't say this, however they raised 230M, so it's possible Humane has 115M in the bank and they acquire this through the acquihire.
The acquisition will not include Humane’s AI pin device business, which will be wound down, an HP spokesperson said.
Those 300 parents could be worth something.