Humane AI Pin customers have until Feb. 27 to get a refund, while HP plans to stick AI in its printers as it acquires Humane for $116 million.

Humane announced on Tuesday that most of its assets have been acquired by HP for $116 million. The hardware startup is immediately discontinuing sales of

That's a blow to Humane and its hopes of selling an entirely new category of hardware, but the failure of the Ai Pin isn't just about Humane, it's about the future of AI hardware. While Humane's pin wasn't the only AI gadget on the scene, it was by far the most high profile.

Humane, which marketed its Ai Pin as the next big thing after smartphones, had raised $240 million from investors, including OpenAI’s Sam Altman. The pin will be discontinued.

HP Inc. will acquire assets from Humane Inc., the maker of the wearable Ai Pin introduced in late 2023, for $116 million.

Humane AI Pin's short, bumpy ride may be over. HP announced on Tuesday (February 18) that it was acquiring the company's AI assets and absorbing some employees for $116 million. Humane also announced that it is discontinuing the AI Pin.

Shares of HP, Inc. (HPQ) saw subdued performance in Wednesday’s premarket trading after the computers and peripherals maker announced an acquisition to deepen its artificial intelligence (AI) focus. The Palo Alto,

HP Inc. today announced that it will acquire assets from Humane Inc., the maker of an artificial intelligence-powered smart pin, for $116 million. Humane burst onto the AI scene in November 2023 with the launch of a device known as the “Ai Pin” that sold for $699.