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☆ A wave of AI 'acquihires' is coming. Here's who could be looking for deals.
▼ + stars: | 2024-05-30 | by ( Rebecca Torrence | Riddhi Kanetkar | ) www.businessinsider.com time to read: +8 min

But the tech giant's play underscores the market's demand for tech talent — and venture capitalists expect a wave of "acquihires" to hit the AI ecosystem later this year. M&A dealmaking among AI startups is already off to a strong start this year, with 55 exits recorded in Q1 of 2024, per Crunchbase data. AdvertisementThe majority of AI startups are overpriced, said Konstantin Vinogradov, general partner at Runa Capital. AI startups with revenue in the single-digit millions that raised money at unicorn valuations, Dash said, might not even have that option. Those deals don't make sense for buyers, he said, which could lead Big Tech companies or other AI startups to poach their talent instead.

Persons: —, Inflection's, Ayangar, Konstantin Vinogradov, Somesh Dash, overshadowing, Shmuel Chafets, Sivesh Sivakumar, Shaun Johnson, Naveen Rao, Sivakumar, Johnson, PhotoRoom, Aravind Srinivas, Mike Smeed, Chafets, Dash, they'll Organizations: Service, Microsoft, Business, Investors, Runa, Big Tech, Apple, Target, Ventures, Accenture, Boston Consulting Group, Intuit, Nike, American Express, Safeway, InMotion Ventures, Disney, Netflix Locations: OpenOcean, Snowflake, Databricks

☆ A pilot who tried to smuggle 4 people from Belgium to Britain in a private airplane was jailed for 7 years
▼ + stars: | 2023-04-30 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

A pilot who tried to use a plane to smuggle four people from Belgium to Britain has been jailed. Styles was previously jailed for using a small plane to smuggle ecstasy and cannabis. A pilot once jailed for smuggling drugs in a light aircraft has been sentenced again – this time for trying to smuggling people. The plane used by Richard Styles to smuggle four people. Turchet was sentenced to seven and a half years in prison, while Sivakumar was sentenced to four and a half years.

"These workers are at high risk of forced labour and severe destitution," said independent labour activist Andy Hall, whose team has been in contact with the migrant workers. The International Labour Organisation ranks deception, along with debt bondage stemming from the large recruitment fee, and passport seizure among its indicators of 'forced labour'. Two of Sivakumar's aides were arrested by anti-graft authorities this month over an investigation into recruitment of foreign workers. Malaysia has faced accusations of forced labour in manufacturing and palm oil production over the years, including some by the United States, which banned imports from several of its firms for such practices. A Bangladeshi official, speaking on condition of anonymity, told Reuters there were a "few hundred" of its citizens stuck in Malaysia without jobs.

☆ Sri Lankans yearn for answers on relatives who disappeared in civil war
▼ + stars: | 2022-10-26 | by ( Jeevan Ravindran | ) www.reuters.com time to read: +5 min

[1/7] A woman holds up a photo of her missing relative during a protest in Kilinochchi, Northern Province, Sri Lanka, August 12, 2022. Thousands of people, mostly Tamils, went missing duringthe civil war in what were known as "enforced disappearances". The instances of enforced disappearances in Sri Lanka rank among the world's highest, with human rights group Amnesty International estimating them to number between 60,000 and 100,000 since the late 1980s. Sri Lanka says it remains committed to pursuing tangible progress on human rights through domestic institutions. Mahesh Katundala, chairman of the Office on Missing Persons, defended the institution against criticism that it was not doing enough.

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