Humane announced on Tuesday that it has been acquired by HP for $116 million. The hardware startup is immediately discontinuing sales of its $499 AI Pins. Humane told customers who had already purchased an AI Pin that their devices will stop functioning before the end of the month,

HP Inc. will acquire assets from Humane Inc., the maker of the wearable Ai Pin introduced in late 2023, for $116 million.

HP is acquiring the Humane platform and team for $116 million and shut down all services for its AI Pin devices. Humane is selling “key AI capabilities” to HP for $116 million and will stop selling AI Pin,