The End of Humane AI Pin HP Buys Its Assets for $116 Million. The tech startup known for its AI-powered wearable device called the AI Pin has officially shut down under the name of Humane Inc. It has sold the assets to HP Inc. at $116 million. This is the end of a product that was built to transform interactions with technology.
Today in this article we will discuss about the AI pin, What happen to Humn AI Pin owner and a lesson to tech world.
What Was the Human AI Pin
The Human AI Pin, a computerized device founded in 2018 by former Apple employees, is a humane, unique replacement for preferred smartphones. The small device, which could be attached to clothing, was a voice assistant, camera, and a phone all in one. It had even a special feature a display that showed on the user’s hand.
The AI Pin was priced at around 60,500 in INR, but among all the promises it seemingly couldn’t fulfilled. The battery life, overheating, and poor responses were issues it had. However, tech reviewers were not kind, some even calling the product one of the worst in tech years. For that reason, many customers brought the device back and sales fell.
HP Buys Humane AI Pin Assets
With poor sales and negative reviews, Humane began searching for a buyer. The company originally intended to sell for around $750 million to $1 billion. Unfortunately, HP bought its assets for just $116 million.
It involves Humane’s software, more than 300 patents, and most of its employees. Nevertheless, the Human AI Pin itself will not be included in the deal, although it will be discontinued. The technology, the team, and new product lines under a new division HP IQ will be the focus for HP.
What Happens to Human AI Pin Owners
The AI Pin will be usable until February 28, 2025, 3:00 P.M. ET for people who purchase the Human AI Pin. After this date, the device will no longer function because it relies on the servers from Humane which will be shut down. It advises users to download their photos, videos, and notes before the deadline or else they will lose their data.
The refund is available to those who bought from Humane and whose device was shipped after November 15, 2024. If someone was a buyer of the AI Pin then before this date then they wouldn’t get their money back. This is according to Humane, who recommend that the device should be recycled responsibly.
A Lesson for the Tech World
New technology, the Human AI pin, is a good example of the difficulty of launching something new. Humane could not compete with smartphones, even with big investors and a unique idea. Having seen its possible applications, HP’s purchase of Humane’s assets will help the IPO firm improve its AI projects, but the AI Pin itself is a tech product that didn’t live up to its hype.
A warning that despite great ideas they still fail if the execution is not right, I remind you, of Humane and the AI Pin story. Ultimately, the technical flaws, high price, and poor user experience of the AI Pin made it impossible to achieve success for the AI Pin as a groundbreaking product.
Conclusion
Human AI Pin was sold to HP for $116 million. This AI pin is a unique replacement for preferred smartphones. The owner is selling the company because of its problems, such as overheating, battery life, and poor response.now the AI Pin users can not use the device because the server going to shutdown.
