Forget Hillary Clinton and Donald Trump—we need a trust-buster like Teddy Roosevelt, who in 1902 attacked the Northern Securities Company, a railroad holding company led by J.P. Morgan and James J. Hill.
Amid the flurry of recent tech M&A deals, you would be forgiven for missing a relatively quiet acquisition: Apple bought Seattle-based artificial intelligence startup Turi for around $200 million. On its own, the Turi deal wouldn't raise eyebrows were it not for the record amount of M&A in artificial intelligence, with the giants Alphabet, Amazon, Apple, Facebook and Microsoft leading transactions.
Consolidation in any market is expected, but AI is consolidating at such a rapid clip, at such an early stage and by so few companies that there are strong reasons to be concerned.
Read Full Article »