HP Accelerates AI Software Investments to Transform the Future of Work

Core Insights - HP Inc. has announced a definitive agreement to acquire key AI capabilities from Humane, including their AI-powered platform Cosmos, technical talent, and intellectual property with over 300 patents and applications, marking a significant step in HP's transformation into a more experience-led company [1][2] Group 1: Acquisition Details - The acquisition is valued at $116 million and is expected to close at the end of February 2025 [4] - The deal will enhance HP's ability to develop devices that integrate AI requests both locally and in the cloud, creating an intelligent ecosystem across HP's product range [2] Group 2: Strategic Implications - The acquisition will bring a skilled team from Humane to HP's Technology and Innovation Organization, forming HP IQ, a new AI innovation lab focused on future work solutions [2][3] - HP aims to redefine workforce productivity by leveraging Humane's design-led approach and engineering expertise, combined with HP's scale and operational excellence [3]