Senator Ron Wyden raises concerns over Big Tech's "reverse acqui-hire" practice, which bypasses U.S. laws designed to prevent monopolies.

Senator Ron Wyden raises concerns over Big Tech's new approach to poaching talent and products from smaller AI startups. Instead of traditional acquisitions, tech giants are hiring key employees and licensing technology, leaving startups functioning but not competing. This practice, called "reverse acqui-hire" or poaching, is alarming to some in Washington who believe it bypasses U.S. laws designed to prevent monopolies.

July 12, 2024
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