Microsoft's recent deal with the AI startup Inflection, valued at $4 billion, is being hailed as a significant move in the tech industry. This arrangement, described as the most important non-acquisition in artificial intelligence, has been interpreted by some, including Satya Nadella, as an effective acquisition without the need for regulatory approval. Nadella is praised for his strategic approach, potentially offering Inflection employees equity equivalent to the startup's last funding round. The deal underscores the rapid pace at which innovation is being consolidated by major tech corporations.