Microsoft acquires AI startup Inflection for $650m, licensing its AI software and hiring its staff.
Microsoft has agreed to pay AI startup Inflection $650 million, largely for licensing its AI software, alongside its move earlier this week to hire most of the startup's staff, according to a source familiar with the transaction. The deal will allow Microsoft to use Inflection's models on its Azure cloud service, and Inflection is reportedly providing investors with a 1.5x return using the licensing fee.
March 21, 2024
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