One theme that dominated headlines amid billion-dollar M&As in the AI sector was the acqui-hire. These deals were focused on retaining founders, researchers, and engineering teams from joining competition, rather than procuring the startup’s produ...
As AI talent wars intensified, Big Tech companies spent nearly $40 billion to secure the most valuable asset in the AI race: people. One theme that dominated headlines amid billion-dollar M&As in the AI sector was the acqui-hire. These deals were focused on retaining founders, researchers, and engineering teams from joining competition, rather than procuring the startup’s product or revenue. ET’s Himanshi Lohchab looks at the largest acqui-hires of the season:
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