acqui-hires

OpenAI hires team behind AI recommendation startup Crossing Minds

Commerce /

Crossing Minds, a startup that provides AI recommendation systems to e-commerce businesses, said on Thursday that its team is joining OpenAI. The startup was backed by Index Ventures, Shopify, Plug and Play, and Radical Ventures, and had raised more than $13.5 million across multiple rounds, according to Crunchbase. Crossing Minds largely worked with e-commerce companies […]

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Five months after Microsoft hired its founders, Inflection adds usage caps to Pi

AI /

Inflection will cap free access to its AI chatbot Pi in the coming months, the startup tells TechCrunch. Users can also now export their conversations off the AI chatbot, as the new CEO shifts the company’s focus towards enterprise products. The usage caps come just a year after Inflection raised $1.3 billion to build out

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Selling a startup in an ‘acqui-hire’ is more lucrative than it seems, founders and VCs say

Venture /

While the best startups are doing well, even in this tough venture capital market, others are struggling to raise new funding. If they can’t raise and haven’t become self-sustaining businesses, their best bet is to get acquired, even if it’s for a fraction of their last valuation. The alternative would be to run out of

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