AI startups swap independence for Big Tech’s deep pockets

Big tech companies are increasingly in the spotlight for their appetite to eat up smaller firms, prompting some concerns in Silicon Valley. It’s the case of the vanishing startup: some of Silicon Valley’s most promising names in the fast-developing generative AI space are being gobbled up by or tied to the hip of US tech giants. Short on funds, in the past few months promising companies like Inflection AI or Adept have seen founders and key executives quietly exit the stage to join the world’s dominant tech companies through discrete transactions. Critics believe these deals are acquisitions in all but Read More