Tech Brew Ride Home Mon. 06/26 – The M&A Deluge In AI Begins
Jun 26, 2023
Mergers and acquisitions in AI are heating up with Databricks buying Mosaic ML for $1.3 billion. Meanwhile, tensions mount over 5G's impact on air travel safety, raising questions about potential flight delays. Amazon is launching a local delivery network to partner with small businesses. On the legal front, the FTC is challenging Amazon’s practices regarding Prime subscriptions. Lastly, Apple is gearing up for the Vision Pro launch and has exciting product releases on the horizon.
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M&A in AI Heats Up
- Databricks acquires MosaicML to enable businesses to build cheaper, proprietary language models.
- This acquisition reflects the growing trend of companies seeking more control and lower costs in AI.
5G and Flight Disruptions
- Transportation Secretary Pete Buttigieg warns of potential flight disruptions due to 5G interfering with aircraft equipment.
- Airlines are urged to update equipment before the July 1st deadline to avoid restrictions.
Amazon's Local Delivery Network
- Amazon is launching a local delivery network using small businesses in 23 states.
- They will deliver packages, expanding Amazon's last-mile network and offering new income opportunities.