OpenAI Makes Power Move: Acquihires Crossing Minds as Meta Goes on Talent Raid
AI arms race heats up as OpenAI snaps up Crossing Minds' team—while Meta vacuums up every available engineer in Silicon Valley.
Who needs organic growth when you can just buy the competition's brain trust?
Meanwhile, Wall Street analysts nod approvingly—nothing boosts a stock price like a good old-fashioned talent grab (actual innovation optional).
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It is worth noting that this MOVE is considered an “acqui-hire.” This means that OpenAI mainly acquired the startup in order to bring in its talented team. The timing is notable, as OpenAI has recently seen some of its researchers leave for rival companies, especially Meta Platforms (META), which is aggressively pushing to become the leader in the AI market.
Indeed, Meta has hired several researchers from OpenAI to work on its “superintelligence” projects. According to The Wall Street Journal, Meta brought in Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai, who helped start OpenAI’s Zurich office last year. In a separate report, TechCrunch also revealed that Meta hired OpenAI researcher Trapit Bansal to focus on building better reasoning models. These moves highlight the increasing competition among tech giants to secure top AI talent.
Is MSFT Stock a Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on MSFT stock based on 30 Buys and five Holds assigned in the last three months. Furthermore, the average MSFT price target of $521.41 per share implies 5.3% upside potential.
