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Microsoft to Pay Inflection AI $650 Million for Licensing Deal, Strategic Play, and Staff Acquisition
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Microsoft to Pay Inflection AI $650 Million in Licensing Deal, Hire Most Staff for AI Push
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Microsoft has agreed to pay Inflection AI $650 million in a licensing deal while hiring its staff. The move is not seen as an acquisition, but rather a strategic play to capture the AI market. The deal structure involves providing returns to Inflection's investors.