The fallout from HP's Humane acquisition
1. HP acquired Humane's AI Pin assets for $116M in a surprising M&A move. The deal was announced amid internal restructuring. 2. Humane’s AI Pin product is discontinued; devices will lose connectivity after February 28. Refunds offered selectively to recent buyers. 3. HP offered significant compensation increases to some Humane employees post-acquisition. Others, especially in AI hardware, were laid off. 4. The acquisition may signal HP's strategic pivot toward integrated AI capabilities. The deal was achieved at a discount to Humane's raised funds.