HP is acquiring Humane’s AI tech and talent for $116 million—but the AI Pin, once hyped as a smartphone alternative, is officially being shuttered.

Humane announced on Tuesday that most of its assets have been acquired by HP for $116 million. The hardware startup is immediately discontinuing sales of

Humane, which marketed its Ai Pin as the next big thing after smartphones, had raised $240 million from investors, including OpenAI’s Sam Altman. The pin will be discontinued.