Inside the Humane acquisition: HP offers big raises to some, others immediately laid off

Core Insights - Humane, an AI hardware startup, is being partially acquired by HP for $116 million, significantly lower than the$240 million raised in venture capital funding [1] - The acquisition has led to job offers for some employees with pay increases over 30%, while others, particularly those involved with AI Pin devices, faced layoffs [2][3] Company Developments - HP aims to integrate Humane's AI operating system, CosmOS, into its products, including personal computers and printers [5] - The acquisition was anticipated by employees, with prior reports indicating Humane sought over $1 billion for the sale [6] Employee Impact - Employees received mixed news, with some offered positions at HP IQ while others were laid off without prior notice [9] - The total number of layoffs remains unclear, and employees were informed of their job status through emails [9] Product Performance - Humane's AI Pin faced negative reviews and product issues, leading to a price drop from$699 to $499 [11][12] - Following the acquisition announcement, customers were advised to "recycle" their AI Pins, which would soon become non-functional [12] Market Context - The AI Pin's failure contrasts with the success of other AI wearables, such as Meta's Ray Ban AI smart glasses and Rabbit's R1 [14] - Apple's recent release of an AI-featured iPhone suggests a competitive landscape for AI devices, raising questions about the timing of Humane's product [15]