Exciting News: HP Acquires AI Capabilities from Humane!
In a groundbreaking move, HP has announced a definitive agreement to acquire key artificial intelligence capabilities from Humane. This includes their innovative AI-powered platform, Cosmos, along with a wealth of technical expertise and intellectual property, featuring over 300 patents and patent applications. This acquisition is expected to propel HP into a new era of experience-focused technology.
As part of this strategic initiative, HP will welcome Humane’s talented engineers, architects, and product innovators into its Technology and Innovation Organization. Together, they will establish a cutting-edge AI lab named HP IQ, dedicated to creating an intelligent ecosystem tailored for the future of work. Tuan Tran, President of Technology and Innovation at HP, expressed his enthusiasm, stating, “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.”
Transaction Highlights
- Amount: $116 million
- Completion: Expected by the end of this month
Tran further emphasized HP’s commitment to redefining work through technology, aiming to equip organizations and employees with tools to thrive in an ever-evolving landscape. He stated, “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.”
Bethany Bongiorno and Imran Chaudhri, Co-founders of Humane, shared their excitement, saying, “We’re thrilled 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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