American Bigtech is Buying AI startups
It is indeed an AI race, and you do not just fight with your brain, you open the vaults. American bigtech is playing the game, and are teaching us how to win the future: "According to a recent Stocklytics report, tech giant Apple is reported to have acquired up to 32 AI startups in 2023, the highest number among tech giants.
In the overall AI startup acquisition, Google trails behind Apple with 21, followed by Meta with 18 and Microsoft with 17."
Good People, the Igbo Nation says "uwa bu ahia" [the world is a marketplace]; American bigtech is in the market for AI startups. Note that most of these acquisitions are not for the companies; they just want to hire extremely brilliant young people. So, you acqui-hire, shut down the companies, and put the team members into products to expand the mission on already existing playbooks.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.