HP on Tuesday announced a definitive agreement to acquire key AI capabilities from Humane. This includes their AI-powered platform, Cosmos, along with significant technical talent and intellectual property, comprising over 300 patents and patent applications.
This move is set to transform HP into a more experience-focused enterprise. The acquisition will integrate Humane’s engineers, architects, and product innovators into HP’s Technology and Innovation Organization, creating a new AI lab named HP IQ. This lab will focus on developing an intelligent ecosystem for HP’s products and services, tailored for the future of work.
Tuan Tran, President of Technology and Innovation at HP, stated, “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.”
He further emphasized HP’s commitment to using technology to redefine work, providing tools that help organizations and employees excel in a rapidly changing world.
Details of the Transaction
- Amount: $116 million
- Completion: Expected by the end of this month
Speaking about the acquisition, Tuan Tran, President of Technology and Innovation at HP, said,
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.
Commenting on the acquisition, Bethany Bongiorno and Imran Chaudhri, Co-founders of Humane, stated,
We’re excited 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.