Apple strikes talent and IP deal with virtual avatar startup Animato
Apple has entered into a talent and intellectual property deal with Animato, a startup specializing in virtual avatar software. The agreement allows Apple to hire certain employees from Animato and obtain a non-exclusive license to its intellectual property. This move is part of a broader trend in the tech industry, particularly among AI startups, where companies seek to acquire talent and technology without full acquisitions.
- ▪Apple's deal with Animato includes the right to hire specific employees and access to Animato's intellectual property rights.
- ▪Animato is known for its virtual avatar software, including the now-discontinued app Call Annie for AI tutoring.
- ▪This agreement reflects a growing trend in the tech industry where companies pursue acqui-hire deals amid regulatory scrutiny.
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