Feb 19 (Reuters) -
Artificial intelligence startup Humane is shutting down its
wearable pin business and selling its assets to personal
computer maker HP Inc ( HPQ ) for $116 million after getting
disappointing reviews and lack of orders for the product.
The deal gives HP access to the startup's Cosmos operating
system, technical talent and intellectual property, helping beef
up the personal computer maker's AI portfolio amid a weak
recovery in its core market.
The acquired talent will form HP's new AI innovation lab
focused on integrating Humane's machine learning capabilities,
HP said in a release on Tuesday.
The startup, founded by ex-Apple veterans, was one of many
that looked to make a splash in the AI boom with its wearable AI
pin that provided voice assistance to its users.
The company sought to position its product as a companion
which could integrate AI into people's everyday lives. The firm
raised around $241 million from Microsoft, OpenAI CEO Sam
Altman, and others.
But orders declined sharply following poor reviews from
many early customers, including a scathing one from technology
influencer Marques Brownlee, popularly known as MKBHD, who has
nearly 20 million subscribers on YouTube.
At one point, returns for the company's pins were outpacing
its sales, the Verge reported last year.
Humane said in a blog post that the pin will function
normally till February 28, after which the device will no longer
connect to the company's servers, rendering features like
calling, messaging, and AI queries inactive.