HP is buying the assets of Humane, a tech company that released its flagship product, a wearable “Ai Pin,” in late 2023, for about $116 million.
The figure includes Humane’s employees, software platform, and IP, the company announced Tuesday. Notably, the deal does not include the actual product that the company released. Instead, the Ai Pin, which had cost customers $699 and was plagued with bad reviews and returns, will be bricked.
While more than a hundred million might seem like a nice sum for an acquisition, The Verge reported last spring that the company was rumored to be shopping itself for $1 billion. Humane raised more than $230 million, per
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