Connect with us

Hi, what are you looking for?

Financial Source ReportFinancial Source Report

Tech News

This is Big Tech’s playbook for swallowing the AI industry

New York Times DealBook Summit Held In New York City
Amazon CEO Andy Jassy. | Photo by Michael M. Santiago / Getty Images

A couple of months ago, I was sitting in the audience at a tech conference in San Fransisco watching Bloomberg’s Emily Chang interview Reid Hoffman.

She asked about Microsoft’s hiring of the team behind Inflection, a would-be OpenAI competitor that Hoffman co-founded. It was an acquisition in everything but name, clearly designed to avoid the scrutiny of antitrust regulators. Not only had Microsoft (where Hoffman is a board member) hired most of Inflection’s employees — it also licensed the startup’s technology in a way that seemed designed to make its investors whole.

Speaking with Chang that day onstage, Hoffman predicted that what happened to Inflection will become a “pattern” for future AI deals. We are seeing that pattern play out…

Continue reading…

You May Also Like

Tech News

Image: FromSoftware Playing Erdtree was a lesson in humility I needed. Continue reading…

Editor's Pick

“Caius Gracchus” Babeuf came to Paris in 1790 and imbibed the revolutionary atmosphere. Five years later, he founded the secret Conspiracy of the Equals.

Tech News

I can’t afford an actual house in this hellish economy, so a virtual one will have to do. | Image: Snap Snapchat Plus subscribers...

Tech News

Photo by Getty Images Car dealerships hamstrung by outages following two cyberattacks against CDK Global in June might finally be able to use their...

Copyright © 2023 FinancialSourceReport.com All Rights Reserved.