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Who Is Soham Parekh? Erebor News Leaks, Microsoft Scales Back AI Chip Plans and Cuts 9,000 Jobs, Sam Altman Slams Meta’s AI Talent Poaching | Deedy Das, Emily Sundberg, Mert Mumtaz, Zak Kukoff, John Kim, Amit Jain

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Disruptions in Startup Funding and AI Ambitions

This chapter explores the recent challenges in startup funding resulting from the failures of major banks and the financial decisions entrepreneurs face. It also discusses Microsoft's setbacks in AI chip development alongside its significant layoffs, highlighting the changing dynamics in tech roles. Additionally, the chapter examines the competitive landscape between the US and China in AI technology, raising questions about intellectual property and the future of innovation.

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