The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis Will AI Acqui-hires Avoid Antitrust Scrutiny?
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Jul 2, 2024 Discover how big tech companies are navigating antitrust scrutiny with strategic acquisitions like Amazon's purchase of Adept. Delve into the ethical dilemmas of Eleven Labs' AI Reader, allowing voices of deceased celebrities to be resurrected. The podcast also explores the evolving finance landscape with AI, featuring the controversial Suno platform and notable financial moves by Robinhood. Lastly, it examines the implications of consolidation in the AI industry and what it means for future regulations.
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Microsoft and Inflection AI's Deal
- Microsoft paid $650 million for access to Inflection's AI technology and team.
- This was enough to cover Inflection's investors, despite a recent $1.3 billion raise.
Amazon and Adept AI's Deal
- Amazon made a deal with Adept AI, similar to Microsoft's deal with Inflection.
- Adept CEO David Luan and other team members joined Amazon, licensing their technology but continuing separate product operations.
Big Tech's Acquisition Strategy
- Big tech companies acquire AI startups' expertise through licensing deals rather than full acquisitions.
- This strategy may be employed to avoid antitrust scrutiny while gaining access to talent and technology.