Tech Geek on Nostr: Amazon nabs SF startup Adept's cofounders to bolster AI efforts ...
Amazon nabs SF startup Adept's cofounders to bolster AI efforts
Amazon.com hired away artificial intelligence startup Adept's co-founders and some of its team in a move that echoes one by rival.
Microsoft as it seeks to battle a perception that it is playing catchup to its rivals in AI. Adept said in a blog post Friday that cofounder and CEO David Luan, as well as several other co-founders and employees were leaving to join Amazon.
The San Francisco-based startup, which has raised over $410 million and is valued above $1 billion, already named a new CEO and said it would continue to operate independent of Amazon.
The move is similar to one by Microsoft, which in March hired away much of Inflection AI's leadership and employees and agreed to pay a roughly $650 million licensing fee. That deal has attracted regulatory scrutiny the US Federal Trade Commission is looking into whether the deal was a play to skirt merger disclosure requirements, a person told Reuters earlier this month.
Published at
2024-06-29 07:17:23Event JSON
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