Humane, a Silicon Valley-based AI hardware startup, has been partially acquired by HP for $116 million, a significant decrease from its initial venture capital funding of $240 million. The acquisition has resulted in layoffs for some employees, while others have received job offers from HP with pay increases and bonus plans. The newly formed innovation lab at HP, HP IQ, will focus on integrating artificial intelligence into HP’s personal computers, printers, and connected conference rooms.
Forecast for 6 months: HP IQ will begin to integrate Humane’s AI operating system, CosmOS, into HP’s products, leading to improved AI capabilities in HP’s personal computers, printers, and connected conference rooms.
Forecast for 1 year: HP IQ will expand its focus to include other areas of AI research and development, potentially leading to new product lines and revenue streams for HP.
Forecast for 5 years: The acquisition of Humane will have a significant impact on the AI hardware market, potentially leading to increased competition and innovation in the space.
Forecast for 10 years: AI will become increasingly integrated into everyday devices, leading to a significant shift in the way people interact with technology and potentially transforming industries such as healthcare, finance, and education.
