HP Acquires Humane's AI Assets for $116 Million to Boost AI Capabilities
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HP Strengthens AI Focus with Acquisition of Humane's Cosmos Platform and Patents
"This investment will rapidly accelerate our ability to develop a new generation of devices that seamlessly orchestrate AI requests both locally and in the cloud," said Tuan Tran, President of Technology and Innovation at HP. "Humane's AI platform Cosmos, backed by an incredible group of engineers, will help us create an intelligent ecosystem across all HP devices from AI PCs to smart printers and connected conference rooms. This will unlock new levels of functionality for our customers and deliver on the promises of AI."
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HP Inks Humane Deal To Acquire Cosmos AI OS, Other Assets
"This will unlock new levels of functionality for our customers and deliver on the promises of AI," Tuan Tran, HP president of technology and innovation, said in a statement. HP Inc. plans to buy software and intellectual property assets from artificial intelligence consumer electronics company Humane for $116 million in a deal set to close at the end of this month. The Palo Alto, Calif.-based maker of PCs, printers and other accessories will buy Humane's AI-powered Cosmos platform and more than 300 of the company's patents and patent applications under a definitive agreement disclosed in an HP statement late Tuesday. The acquisition "advances HP's transformation into a more experience-led company," according to the HP statement. [RELATED: HP CEO: Workforce Experience Platform 'Key' To Software, Services Growth] As part of the deal, a group of "highly skilled" Humane engineers, architects and product workers will join the HP Technology and Innovation organization and form HP IQ, an AI innovation lab focused on HP's products and services for the future of work, according to HP. "This investment will rapidly accelerate our ability to develop a new generation of devices that seamlessly orchestrate AI requests both locally and in the cloud," said Tuan Tran, HP president of technology and innovation, in the HP statement. "Humane's AI platform Cosmos, backed by an incredible group of engineers, will help us create an intelligent ecosystem across all HP devices from AI PCs to smart printers and connected conference rooms. This will unlock new levels of functionality for our customers and deliver on the promises of AI." CRN has reached out to HP for additional comment. This year HP is working to increase the amount of net new accounts coming through partners and work together with channel partners to continue reshaping the way customers work, ensuring solutions are built for the future of work, according to the profile for Scott Lannum, VP and general manager of North America commercial channel sales at HP, in the CRN 2025 Channel Chiefs. Humane co-founders Bethany Bongiorno and Imran Chaudhri will join HP, according to the statement. "We're excited to join HP at such a pivotal moment in the industry and help shape the future of intelligent experiences," the statement quoted Bongiorno and Chaudhri as saying. "HP's scale, global reach, and operational excellence -- combined with our design-led approach, integration technology, and engineering expertise -- will redefine workforce productivity." Not part of the acquisition deal is the Humane Ai Pin, a voice-powered wearable with wide-angled optical sensors for capturing and analyzing visual data. Ai Pin is no longer available for new purchases, with devices unable to connect to Humane servers starting at noon PT on Feb. 28, according to Humane. At that time, all customer data will be permanently deleted from Humane servers. Customers whose devices shipped on or after Nov. 15 are eligible for a refund. Humane bills Cosmos as an operating system for AI, providing personalized assistance and handling complex tasks across a variety of connected devices, including workstations and wearables. The OS can orchestrate agents and large language models (LLMs), according to Humane's website. In 2023, Humane reported raising $100 million in a Series C funding round that included participation from Microsoft, LG Technology Ventures, Volvo Cars Tech Fund, Qualcomm Ventures and OpenAI founder Sam Altman.
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HP acquires Humane AI assets in a $116 million deal
HP on Tuesday announced a definitive agreement to acquire key AI capabilities from Humane. This includes their AI-powered platform, Cosmos, along with significant technical talent and intellectual property, comprising over 300 patents and patent applications. This move is set to transform HP into a more experience-focused enterprise. The acquisition will integrate Humane's engineers, architects, and product innovators into HP's Technology and Innovation Organization, creating a new AI lab named HP IQ. This lab will focus on developing an intelligent ecosystem for HP's products and services, tailored for the future of work. Tuan Tran, President of Technology and Innovation at HP, stated, "This investment will rapidly accelerate our ability to develop a new generation of devices that seamlessly orchestrate AI requests both locally and in the cloud." He further emphasized HP's commitment to using technology to redefine work, providing tools that help organizations and employees excel in a rapidly changing world. Speaking about the acquisition, Tuan Tran, President of Technology and Innovation at HP, said, Humane's AI platform Cosmos, backed by an incredible group of engineers, will help us create an intelligent ecosystem across all HP devices from AI PCs to smart printers and connected conference rooms. This will unlock new levels of functionality for our customers and deliver on the promises of AI. Commenting on the acquisition, Bethany Bongiorno and Imran Chaudhri, Co-founders of Humane, stated,
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HP Accelerates AI Software Investments to Transform the Future of Work - HP (NYSE:HPQ)
PALO ALTO, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- HP Inc. HPQ announced a definitive agreement to acquire key AI capabilities from Humane, including their AI-powered platform Cosmos, highly skilled technical talent, and intellectual property with more than 300 patents and patent applications. The acquisition advances HP's transformation into a more experience-led company. "This investment will rapidly accelerate our ability to develop a new generation of devices that seamlessly orchestrate AI requests both locally and in the cloud," said Tuan Tran, President of Technology and Innovation at HP. "Humane's AI platform Cosmos, backed by an incredible group of engineers, will help us create an intelligent ecosystem across all HP devices from AI PCs to smart printers and connected conference rooms. This will unlock new levels of functionality for our customers and deliver on the promises of AI." The acquisition brings a highly skilled group of Humane engineers, architects, and product innovators to HP's Technology and Innovation Organization. They will form HP IQ, HP's new AI innovation lab focused on building an intelligent ecosystem across HP's products and services for the future of work. "We're excited to join HP at such a pivotal moment in the industry and help shape the future of intelligent experiences," said Bethany Bongiorno and Imran Chaudhri, Co-founders of Humane. "HP's scale, global reach, and operational excellence -- combined with our design-led approach, integration technology, and engineering expertise -- will redefine workforce productivity." HP is committed to reinventing the future of work through technology, delivering experiences that empower organizations and employees to thrive in today's dynamic environment. The $116 million transaction is expected to close at the end of this month. About HP HP Inc. HPQ is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit: http://www.hp.com. Media Contacts HP Media Relations [email protected] hp.com/go/newsroom HPQHP Inc$34.121.43%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
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HP Inc. has announced the acquisition of key AI assets from Humane, including the Cosmos AI platform and over 300 patents, for $116 million. This move aims to accelerate HP's AI-driven product development and transform the company into a more experience-led organization.
HP's Strategic Move into AI
HP Inc. has made a significant leap in its AI strategy by announcing the acquisition of key artificial intelligence assets from Humane, a consumer electronics company, for $116 million
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. This deal, expected to close by the end of February 2025, marks a pivotal moment in HP's transformation towards becoming a more experience-led company4
.The Acquisition Package
The acquisition includes several valuable components:
- Cosmos AI Platform: Humane's AI-powered operating system, designed to provide personalized assistance and handle complex tasks across various connected devices
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. - Intellectual Property: Over 300 patents and patent applications
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. - Technical Talent: A group of skilled engineers, architects, and product innovators from Humane
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Formation of HP IQ
As part of this strategic move, HP is establishing a new AI innovation lab called HP IQ. This lab will be formed by integrating the acquired Humane team into HP's Technology and Innovation Organization
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. The primary focus of HP IQ will be on developing an intelligent ecosystem across HP's product range, including AI PCs, smart printers, and connected conference rooms1
.Strategic Vision and Impact
Tuan Tran, President of Technology and Innovation at HP, emphasized the significance of this acquisition:
"This investment will rapidly accelerate our ability to develop a new generation of devices that seamlessly orchestrate AI requests both locally and in the cloud. Humane's AI platform Cosmos, backed by an incredible group of engineers, will help us create an intelligent ecosystem across all HP devices from AI PCs to smart printers and connected conference rooms."
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The acquisition is expected to unlock new levels of functionality for HP's customers and deliver on the promises of AI
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.Humane's Perspective
Bethany Bongiorno and Imran Chaudhri, co-founders of Humane, expressed their excitement about joining HP:
"We're excited to join HP at such a pivotal moment in the industry and help shape the future of intelligent experiences. HP's scale, global reach, and operational excellence -- combined with our design-led approach, integration technology, and engineering expertise -- will redefine workforce productivity."
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What's Not Included
It's worth noting that the Humane Ai Pin, a voice-powered wearable device, is not part of this acquisition deal. Humane has announced that the Ai Pin is no longer available for new purchases, and existing devices will cease to connect to Humane servers from February 28, 2025
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.HP's Future Direction
This acquisition aligns with HP's commitment to reinventing the future of work through technology. The company aims to deliver experiences that empower organizations and employees to thrive in today's dynamic environment
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. As part of this strategy, HP is also focusing on increasing the number of new accounts coming through partners and reshaping the way customers work2
.With this significant investment in AI capabilities, HP is positioning itself at the forefront of the AI revolution in consumer and business technology, promising to deliver innovative solutions that leverage the power of artificial intelligence across its product ecosystem.
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