"Microsoft's AI Power Play: Poaching Inflection's CEO and Employees"

1 min read
Source: Yahoo Finance
"Microsoft's AI Power Play: Poaching Inflection's CEO and Employees"
Photo: Yahoo Finance
TL;DR Summary

Inflection AI plans to pivot its business model after most of its employees, including its CEO and co-founder, move to Microsoft. The startup, backed by investors such as Microsoft, Nvidia Corp., Bill Gates, and Reid Hoffman, will license its technology to Microsoft and shift towards serving business customers. Inflection's new CEO, Sean White, will lead the company as it retains its proprietary technology and aims to become an AI platform for businesses. Existing investors will remain equity holders with potential for future upside, while the terms of the deal and the number of remaining employees are undisclosed.

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