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Tech companies are gearing up for a wave of 'acquihires' in the AI space, with Microsoft making moves to strengthen its consumer AI business by hiring talent from Inflection AI. Venture capitalists predict an increase in M&A activity among AI startups as big tech firms seek top AI talent through acquisitions. Overpriced AI startups may see their best talent poached as the market becomes more competitive.
The demand for AI talent is driving tech companies to consider 'acquihiring' exceptional founders or teams with strong backgrounds in AI. M&A dealmaking in the AI sector has already seen a strong start in 2024, with notable acquisitions like Veradigm's purchase of ScienceIO. Buyers in the market fall into three main categories, including Big Tech incumbents, AI enterprise giants, and non-tech companies looking to expand their AI portfolios.
Business Insider 16month
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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