AI startups swap independence for Big Tech’s deep pockets

Quick Summary:

It’s the case of the vanishing startup: some of Silicon Valley’s most promising names in the fast-developing generative AI space are being gobbled up by or tied to the hip of US tech giants.

"The ones with the big money define the rules and design the outcomes that play in their favor," said Sriram Sundararajan, a tech investor and adjunct faculty member at the Leavey School of Business at Santa Clara University.

US, European and UK regulators on Tuesday signed a joint statement insisting that they won't let big tech companies run roughshod over the nascent AI industry.

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Article Details

Author / Journalist: Alex PIGMAN

Category: EconomyBusiness

Markets: MalaysiaCubaIsraelOmanUnited States

Topics: /Tech/Tech News Startups Technology AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 17:00:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 734 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21821503

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 29 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 45 minutes ago

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