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HP to Acquire Parts of Humane for $116M

bloomberg.com

11–20 of 21 posts

Re: HP to Acquire Parts of Humane for $116M

#11
post #5

https://support.humane.com/hc/en-us/articles/34374173951373-... "Your Ai Pin will continue to function normally until 12pm PST on February 28, 2025. After this date, it will no longer connect to Humane’s servers, and .Center access will be fully retired."

> Our support team is here to help at support@humane.com through February 28th, 2025.

If someone had written this as satire when they released the pin it would have seemed a little harsh

Re: HP to Acquire Parts of Humane for $116M

#13
post #5

https://support.humane.com/hc/en-us/articles/34374173951373-... "Your Ai Pin will continue to function normally until 12pm PST on February 28, 2025. After this date, it will no longer connect to Humane’s servers, and .Center access will be fully retired."

Alas, the pricey e-waste reaches its unsurprising end of life.

Re: HP to Acquire Parts of Humane for $116M

#14
post #10
post #5

https://support.humane.com/hc/en-us/articles/34374173951373-... "Your Ai Pin will continue to function normally until 12pm PST on February 28, 2025. After this date, it will no longer connect to Humane’s servers, and .Center access will be fully retired."

It's a $700 device with a $24/month subscription fee, and will be bricked in ten days. At least the equally-panned Rabbit R1, released around the same timeframe and riding the same AI hype, only cost $200 with no subscription.

Amusingly, Rabbit just announced today that they're now shipping at Best Buy - their first steps towards brick and mortar exposure.

https://www.bestbuy.com/site/rabbit-r1-mobile-ai-device-pers...

Re: HP to Acquire Parts of Humane for $116M

#15

I bet this was their goal all along. I was saying this when the product launched. Funny, I don't see anything in this announcement about refunds?...

https://support.humane.com/hc/en-us/articles/34374173951373-...

They shoved those in a little "important update" FAQ.

"You are eligible to receive a refund if your product shipped on or after November 15th, 2024. All device shipments prior to November 15th, 2024 are not eligible for refunds. All refunds must be submitted by February 27th, 2025."

Oh, and good news... "After February 28, 2025, Ai Pin will still allow for offline features like battery level, etc., but will not include any function that requires cloud connectivity like voice interactions, AI responses, and .Center access." ... you can still look at your battery level, I suppose!

Re: HP to Acquire Parts of Humane for $116M

#18

How does this deal get made unless someone at HP owes some humane investor a favor?

it depends on how much money they had left in the bank. they raised $230m and are being acquired for $116m

highly unlikely they spent all of it. If they spent 130 million dollars, for example, they'd have $100m in the bank and this $116m txn is net $10m acquihire.

Financially, this probably didn't cost HP much yet. The real cost is whatever they approved for this team to build next, which will likely be a money pit.

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