Amazon AGI Labs chief defends his reverse acquihire

When Amazon hired the founders of AI startup Adept last year, it was one of the first examples of what became known as reverse acquihires — deals where a large company hires key startup team members and licenses its technology, rather than acquiring the startup outright. Adept’s co-founder and former CEO David Luan subsequently became…

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The Trump administration’s big Intel investment comes from already awarded grants

Intel officially announced an agreement with President Donald Trump’s administration on Friday afternoon, following Trump’s statement that the government would be taking a 10% stake in the struggling chipmaker. While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds. Instead,…

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