Big Tech’s acqui-hire strategy heats up as demand for AI talent soars

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Meta’s $15 billion investment in Scale AI for a 49% stake is the latest in a series of transactions that large technology companies have made to acquire talent as they seek to get ahead in the AI race.

Such acquihiring is not just a trend, but a strategic necessity for these companies and is likely to see more traction, as the demand for AI talents will continue to increase, say experts.

In the last two years, large technology players have been acquiring AI startups for their technology teams. Microsoft paid $650 million in a licensing deal to…



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Big Tech’s acqui-hire strategy heats up as demand for AI talent soars


Meta’s $15 billion investment in Scale AI for a 49% stake is the latest in a series of transactions that large technology companies have made to acquire talent as they seek to get ahead in the AI race.

Such acquihiring is not just a trend, but a strategic necessity for these companies and is likely to see more traction, as the demand for AI talents will continue to increase, say experts.

In the last two years, large technology players have been acquiring AI startups for their technology teams. Microsoft paid $650 million in a licensing deal to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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