Palo Alto, CA, – HP Inc. has entered into a contract with Humane to acquire certain AI assets, especially its Cosmos AI-powered platform, a key technical talent, and the intellectual property portfolio of more than 300 patents. The $116 million offer is expected to speed up HP’s transition to an 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.”
Bringing Humane’s engineers, architects, and product innovators into HP’s Technology and Innovation Organization, sets up HP IQ, a new AI innovation lab. The goal is to create a smart ecosystem across HP’s products and services, which tie all together to improve work and productivity.
“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 aggressively positioning itself as a leader in AI-enabled workplace transformation by designing intelligent automation and seamless connectivity into computing experiences. The transaction is expected to close by the end of the month.
HP Inc. is the global leader in technology applied to the delivery of innovative solutions for personal computing, printing, 3D printing, and hybrid work in more than 170 countries around the world. HP is looking to create AI-driven experiences to help organizations and individuals align, connect, and grow.
Source: https://humane.com/media/humane-hp
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