The Fallout from HP’s Humane Acquisition | TechCrunch
HP's $116 million acquisition of AI Pin maker Humane has led to a chaotic situation, with many employees receiving job offers from HP while others were left without jobs. The startup will discontinue sales of its $499 AI Pins and phase out the wearable's capabilities after February 28. As a result, customers who bought an AI Pin in the last 90 days are eligible for a refund.
- The sudden shift in ownership highlights the complex web of relationships between tech companies, startups, and their employees, raising questions about corporate culture and loyalty.
- How will this acquisition impact the future of AI innovation and competition in the wearables market, particularly with regards to Humane's unique offerings?