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Tech Shifts: Musk Wins, Microsoft Leaves!
Welcome, Tech Enthusiasts!
Buckle up, because we've got a rollercoaster ride of tech news that'll make your head spin faster than a startup's valuation!
First up, our favorite tech maverick, Elon Musk, just scored a win in the courtroom. Remember that Twitter takeover drama? Well, a judge just tossed out a lawsuit from some ex-Twitter employees who were crying foul over severance pay. But don't break out the champagne just yet, Elon! There's still a $128 million lawsuit lurking around the corner from some big-shot ex-execs. It's like a game of legal whack-a-mole!
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Now, let's talk about the AI world's power couple - Microsoft and OpenAI. Looks like Microsoft's decided to ghost OpenAI's board! They've packed up their observer seat and hit the road. Why? Well, they say OpenAI's doing just fine without them. But between you and me, it might have something to do with those pesky regulators eyeing Big Tech's AI dominance. It's like breaking up to make your parents happy!
Speaking of unexpected pairings, Duolingo just swiped right on Hobbes, a cool animation studio from Detroit. It's not just a acquisition; it's an "acqui-hire" (fancy tech talk for "we like your people more than your stuff"). Duolingo and Hobbes have been flirting for a while, collaborating on projects like Duolingo Music. Now they're making it official! It's like when your favorite sitcom characters finally get together.
In the world of venture capital, we've got a heartwarming story. Remember Unseen Capital, the VC firm focused on underrepresented healthcare founders? Sadly, its founder passed away in 2021. But here's the silver lining - pharmaceutical giant Eli Lilly helped broker a deal for Seae Ventures to take over. It's like passing the torch to keep the dream alive!
Last but not least, let's talk deep tech funding. A survey says CEOs who can speak 'geek' are raking in bigger funding rounds. Pre-seed and Series A rounds for deep tech hardware were fatter in 2023 than in 2022. But hold your horses! This survey's mostly from Europe, so we're not sure if it applies to our Silicon Valley pals.
So, what's the takeaway? The tech world's as unpredictable as ever! Legal battles, boardroom shake-ups, surprise acquisitions - it's all happening. And let's not forget, in the world of deep tech, it pays to know your stuff! Get the full scoop here
Stay curious, stay informed, and who knows? Maybe you'll be the next tech headline we're writing about!
THE AI NEWS Team
P.S. See the full story unfold — watch on The AI News YouTube!