Microsoft has agreed to pay Inflection about $650 million while hiring the AI startup’s staff, a person familiar with the matter told Reuters on Thursday.
The transaction is mostly in the form of a licensing deal that makes Inflection’s models available for sale on Microsoft’s Azure cloud service, the person with direct knowledge on the deal said.
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The software giant hired Inflection co-founders Mustafa Suleyman and Karen Simonyan, along with several employees of the AI firm, for a newly created consumer AI unit called Microsoft AI.
Inflection is using the licensing fee to provide some investors, including Greylock and Dragoneer Investment Group, a one-time and half times of return, the source added.
Microsoft and Inflection AI did not immediately respond to Reuters’ requests for comments.
Microsoft has agreed to pay Inflection about $650 million while hiring the AI startup’s staff, a person familiar with the matter told Reuters on Thursday.
The transaction is mostly in the form of a licensing deal that makes Inflection’s models available for sale on Microsoft’s Azure cloud service, the person with direct knowledge on the deal said.
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Offering College |
Course |
Website |
IIT Delhi |
IITD Certificate Programme in Data Science & Machine Learning |
Visit |
Indian School of Business |
ISB Product Management |
Visit |
MIT |
MIT Technology Leadership and Innovation |
Visit |
The software giant hired Inflection co-founders Mustafa Suleyman and Karen Simonyan, along with several employees of the AI firm, for a newly created consumer AI unit called Microsoft AI.
Inflection is using the licensing fee to provide some investors, including Greylock and Dragoneer Investment Group, a one-time and half times of return, the source added.
Microsoft and Inflection AI did not immediately respond to Reuters’ requests for comments.
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