Microsoft Corporation (NASDAQ:MSFT) has reportedly agreed to pay Inflection AI $650 million, largely to pay for licensing its artificial intelligence software.
What Happened: Microsoft’s deal with Inflection AI includes a $620 million payment for licensing its AI models and an additional $30 million to waive any legal rights related to the mass hiring, reported Bloomberg, citing people familiar with the matter.
This comes after Microsoft hired a significant portion of Inflection’s staff.
The Satya Nadella-led tech giant’s onboarding of Inflection’s co-founders, Mustafa Suleyman and Karén Simonyan, along with most of the startup’s 70 employees, has raised concerns about potential antitrust issues with U.S. regulators.