AI companies are on a buying spree:
SpaceX → xAI ($250B)
SpaceX → Cursor ($60B)
Google → Wiz ($32B)
Meta → Scale AI ($29B)
OpenAI → io ($6.5B)
Salesforce → Fin ($3.6B)
Harvey CEO Winston Weinberg (
@winstonweinberg) says that a lot of the time with M&A, buying the technology doesn't actually matter.
It’s about the talent.
"If you are making an acquisition, the number one thing you should be looking at is just talent because you can build things so much faster now."
" It is a much better idea to buy really, really good teams regardless of if they worked in your space."
"If you look at the acqui-hires that we have done, they actually haven't been in the legal AI space or legal tech."