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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Big Tech's new playbook: Hire founders, not buy companies. Google just did this with Character AI cofounders. Microsoft did the same with Inflection. Is that the loophole for the big players to build their monopoly with zero risk of an antitrust lawsuit? https://t.co/rbbm2Fz3Ef
M&A is Dead - Long Live Hire&License! BIG tech has found a way to get around regulators and buy the top Ai talent https://t.co/AuD1q169sY
‘The rash of buyouts underlines the trend of power flowing away from the start-ups like OpenAI, which kick-started the AI revolution, back to Big Tech gatekeepers, cementing the hold they’ve had on the sector’ Excellent from @madhumita29 @sjhmorris https://t.co/HPETHDEync
Google has paid $3 billion to license technology from Character AI, acquiring a non-exclusive technology license and bringing in the company's founders and 20% of its staff. This move is part of a broader trend among tech giants like Google, Microsoft, and Amazon, who are opting to license technology and hire top employees from AI startups rather than purchasing the companies outright. This strategy allows them to sidestep regulatory scrutiny while gaining access to cutting-edge technology and talent. The acquisition approach reflects a shift in power from startups back to big tech companies, as they strengthen their hold on the AI sector.
