How Google, Microsoft And Amazon Are Raiding AI Startups For Talent

In March, Microsoft signed a deal with Inflection that allowed Microsoft to use Inflection’s models and to hire most of the startup’s staff. Amazon followed in June with a faux acquisition of Adept where it hired top talent from the AI startup and licensed its technology.
It’s a playbook that skirts regulators and their crackdown on Big Tech dominance, provides an exit for AI startups struggling to make money, and allows megacaps to pick up the talent needed in the AI arms race.
But while tech giants might think they’re outsmarting antitrust enforcers, they could be playing with fire. CNBC’s Deirdre Bosa has the story.

Chapters:
00:00 Introduction
00:50 - Pseudo acquisitions
5:41 - Playing with fire
7:13 - Who’s left holding the bag

Anchor: Deirdre Bosa
Produced by: Laura Batchelor, Jasmine Wu
Edited by: Andrew Evers
Supervising Producer: Jeniece Pettitt

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How Amazon, Microsoft and Google Are Raiding AI Startups For Talent

[jidec]

3 years later: Google, Microsoft and Amazon layoffs 20k AI engineers as profit plummets

[Omikoshi]

VC getting screwed is the funniest aspect of all this 😂

[sociopathicnarcissist]

This is the first time that I can recall seeing this Anchor, Ms Bosa. This reporting was really well done and captured the issues succinctly with just enough detail to satisfy. Well done.

[auro]

how? like cnbc owns most of small tv channels that have stopped showing what they want to since they were captured

[davidgoncalvesalvarez]

Weren’t they firing all of those same people just some months ago???

[KonstantinLihachev-tstf]

Thank you very much for such a detailed analysis, everything became clear.

[ArmoredAnubis]

Corporate AI, what could go wrong?

I like open source models because you can customize them and have unrestricted models.

Still glad to see AI growing

[shantanumehta]

Another approach would be follow the 3M Company business model by promoting intrapreneurship, perhaps?

[bmanborntodo]

AI in investment is now a fun flash game changer for future endurance in tech and droid curses.

[woojedh]

Your approach to trading is truly impressive and inspiring to succeed. Thank you for teaching me so much!

[MatthewMS.]

New Technology Revolution Deirdre! You are a great guide for this wonderful journey 📈🇺🇸

[charlita]

Just wow so many exciting things happening in tech 👩🏽‍💻

[catrinahudecek]

really appreciate your trading expertise. Thank you for sharing your knowledge with us!

[ishan]

The definition of a monopoly is bound by pricing. Not market power or market share. The question on which all probes rely is, "does this lead to increased cost for consumers?". And since they don't, the govt. will probably lose in court.

[posthocprior]

Interesting. Would like to know if there’s data that can verify this anecdotal reporting.

[myownboss]

The grass is always greener…. Didn’t those large companies just layoff a bunch of people! I guess they can try to make as much as they can before those same companies lay them off AGAIN! They’ll basically become gig tech workers….🤔

[bananaxanh]

Microsoft AI is the best. It is more intelligent than others.

[JasonB]

I bet many AI Startups exists solely to get snatched up by the big companies. The big companies found out that AI is easy to build with the right talent but really hard to make money from. Instead of acquiring the AI start up, they snipe their top talent. Monetizing AI will still be a challenge. They have to find customers to pay service fees for that AI. Google, Amazon, Microsoft will be trying to out price and out feature each other. Thus razor thin profit margins if they can make any profit at all. Their customers want AI to replace some of their low end human workers for the cheapest possible price and most features.

In short AI is just gonna be another tech job and the Big companies will want just a few of the top engineers or managers and the rest they will hire fresh college grads they can pay cheap.

[davidgolf]

Interesting story thanks. The best part of this video was Deirdre Bosa. Have a good one.

[apricotmadness]

Are any AI companies actually profitable? Don’t they lose millions of dollars per cycle? Their’s rumors that Open AI (the company that started this hype train) is reportedly 5 BILLION dollars in debt and headed towards bankruptcy in a year. How are these companies staying afloat, and considering the cost needed to simply maintain let alone train these models; how are companies ever going to get the average consumer to care about generative AI and make profits? It feels like their racing to a future that the majority of the working world doesn’t care about, doesn’t know about, and aren’t ready for. This seems like it will lead to an eventual collapse like Bitcoin and NFT’s. You can’t push change onto people.