THIS IS BIG TECH'S PLAYBOOK FOR SWALLOWING THE AI INDUSTRY

Summary from the TLDR newsletter

Building leading AI models is extremely costly - raising $400 million isn't even enough to compete these days. Big Tech has the cash, but it isn't allowed to buy companies like it once did due to antitrust enforcement. It has turned to aquihiring - hiring most of a company's employees and acquiring everything in a company but its name. While the current antitrust enforcement regime will likely try to block these types of acquisitions, it may not have a strong legal argument for doing so.