Saturday, June 14, 2025

Big Tech’s acqui-hire strategy heats up as demand for AI talent soars

In the last two years, large technology players have been acquiring AI startups for their technology teams. Microsoft paid $650 million in a licensing deal to Inflection AI, whose cofounder Mustafa Suleyman is now heading Microsoft AI. In a similar licensing deal, Amazon hired AI startup Adept cofounder David Luan and others who joined Amazon's AGI team.

from Tech-Economic Times https://ift.tt/kO3Tflr

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Schools reach out to Canvas hackers as breach hits US classrooms

A cybercriminal group, ShinyHunters, stole vast amounts of student data from the educational platform Canvas. Some affected schools and uni...