Tripp Mickle and Erin Griffith, at The New York Times:
About a week after the reviews came out, Humane started talking to HP, the computer and printer company, about selling itself for more than $1 billion, three people with knowledge of the conversations said. Other potential buyers have emerged, though talks have been casual and no formal sales process has begun.
Humane retained Tidal Partners, an investment bank, to help navigate the discussions while also managing a new funding round that would value it at $1.1 billion, three people with knowledge of the plans said.
Two jokes came to mind:
- The Humane Pin does kind of look like something Palm may have eventually made.
- Wow, the AI hardware scene is really heating up.