By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
eBusiness Life MagazineeBusiness Life Magazine
  • Home
  • NewsBytes
  • Big Issues
  • Columns
  • Cyberparenting
  • Tech Talk
  • Gadget Review
  • Interviews
  • Our People
Notification Show More
Font ResizerAa
eBusiness Life MagazineeBusiness Life Magazine
Font ResizerAa
  • Categories
  • More Foxiz
    • Blog Index
    • Sitemap
Follow US
eBusiness Life Magazine > Blog > NewsBytes > Amazon To Absorb Adept Co-founders, Staff On AI Project
NewsBytes

Amazon To Absorb Adept Co-founders, Staff On AI Project

Ebusiness Life
Last updated: 2024/06/29 at 1:23 PM
By Ebusiness Life
Share
3 Min Read
SHARE

Amazon.com hired away artificial intelligence startup, Adept’s co-founders and some of its team in a move that echoes one by rival Microsoft as it seeks to battle a perception that it is playing catch-up to its rivals in AI.

Adept said in a blog post Friday that cofounder and CEO David Luan, as well as several other co-founders and employees were leaving to join Amazon.

The San Francisco-based startup, which has raised over $410 million and is valued above $1 billion, already named a new CEO and said it would continue to operate independent of Amazon.

The move is similar to one by Microsoft, which in March hired away much of Inflection AI’s leadership and employees and agreed to pay a roughly $650 million licensing fee.

Ad imageAd image

That deal has attracted regulatory scrutiny – the US Federal Trade Commission is looking into whether the deal was a play to skirt merger disclosure requirements, a person told Reuters earlier this month.

Amazon will pay Adept a licensing fee to use some of its technology, which helps automate some business functions. An Amazon spokesperson declined to disclose terms of the non-exclusive deal.

Amazon is investing towards training an ambitious large language model, Reuters has reported, hoping it could rival top models from Microsoft-backed OpenAI and Alphabet. The new additions from Adept signal the tech giant’s ambition to work on AI agents tools, an area major labs are focusing on.

Reuters reported earlier this month that Amazon is racing to update its Alexa voice assistant to fully integrate generative AI, which can respond almost instantaneously with full sentences to complicated prompts or queries.

The Amazon spokesperson said the Adept employees have already joined the company and about 20 Adept workers remain at the startup. Adept didn’t respond to a request for comment.

At Amazon, Luan and a number of others will report to Rohit Prasad, who oversees artificial general intelligence, or AGI. Others will join the team developing devices and other services, according to an internal memo viewed by Reuters.

Prasad, the former head of Alexa, who now reports directly to Amazon CEO Andy Jassy, brought in researchers working on Alexa AI and the Amazon science team to work on training models, uniting AI efforts across the company with dedicated resources.

Prasad said in the memo that the hires “will significantly help us on our quest to achieving AGI.”

Adept also held discussions with other tech companies including Meta, which decided not to pursue a tie-up or partnership, sources familiar with the matter told Reuters. Meta didn’t immediately respond to a request for comment.

Ebusiness Life June 29, 2024 June 29, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get Started
Additive Manufacturing Making Impact on Digitalization, More Sustainable Workflows – Study

With 3D printing making an impact on the digitalization of manufacturing and…

NCC Cautions MNOs Over Interconnection Agreements Default

… Lifts Phased Disconnection Mandate Against Globacom In a bid to protect…

Infrastructure Financing: AfDB And InfraCredit Sign $15 million Funding Agreement

The African Development Bank (AfDB) and Infrastructure Credit Guarantee Company Limited (InfraCredit)…

Moniepoint, NITHub Unilag Kicks Off 2nd Cohort Of HatchDev Programme 

Moniepoint Inc, Africa's top digital financial services provider, in collaboration with University…

Stakeholders Seek Ways To Mitigate Telecom Fibre Cuts

The Association of Telecommunication Companies Of Nigeria (ATCON) has highlighted fibre cuts…

US States Resist Proposal To Ban AI Regulation
May 17, 2025
Benue Governor Named Among Top 50 Digital Economy MVPs
May 17, 2025
My Airtel App Gets Full Shopping Feature For Upgrade
May 17, 2025
CyberDome Partners Cato Networks to Deliver SASE in West Africa
May 17, 2025
Jumia Launches Delivery Service In Nigeria, After Côte d’Ivoire
May 17, 2025

You Might Also Like

NewsBytes

US States Resist Proposal To Ban AI Regulation

By Ebusiness Life
NewsBytes

Benue Governor Named Among Top 50 Digital Economy MVPs

By Ebusiness Life
NewsBytes

My Airtel App Gets Full Shopping Feature For Upgrade

By Ebusiness Life
NewsBytes

CyberDome Partners Cato Networks to Deliver SASE in West Africa

By Ebusiness Life
Facebook Twitter Instagram
Company
  • Advertisement
  • Privacy Policy
  • Editorial Policy
  • Contact US
More Info
  • Newsletter

Sign Up For Free

Subscribe to our newsletter and don’t miss out on our latest reports

Join Community

Copyright 2023. Designed by Kreative TechPoint

adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?