The AI buying spree is on
By Ina Fried and Hope King, Axios
The race to lead in AI is spurring a fresh wave of corporate acquisitions and investments as tech companies seek to show customers they aren’t sleeping on the red-hot technology.
Why it matters: AI is poised to reshape many industries, and the pressure is on CEOs to prove they have an AI strategy.
On the acquisition front, Databricks announced this week it is paying $1.3 billion (or $21 million per employee) to buy two-year-old startup MosaicML, which specializes in open source AI models.
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