{
  "docId": "019dd923-5e88-73ef-bd5d-0856e1444fb9",
  "docSlug": "8757f1b44ef7f176",
  "documentTitle": "2024 Air Street Capital The State of AI Report 2024",
  "authorId": "AirStreetCapital",
  "authorName": "Air Street Capital",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "vc_research",
  "sourceTypeLabel": "VC research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.777,
  "pageNumber": 117,
  "pageCount": 213,
  "prevPage": 116,
  "nextPage": 118,
  "slideType": "industry_trends",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 0,
  "notes": "The slide uses news headlines as evidence to support the thesis of regulatory evasion through talent acquisition and licensing.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "screenshot"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5d-0856e1444fb9/117",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5d-0856e1444fb9",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5d-0856e1444fb9.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5d-0856e1444fb9#slide-117",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Given some of the regulatory hurdles, we've seen the rise of pseudo-acquisitions, where a Big Tech company i) hires the founders and much of the team of a start-up; ii) the start-up exits the model-building game to focus on its enterprise offer; iii) investors are paid out via a licensing agreement.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-47c3-7407-8d1a-2a5b592b75cb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.4,
        "x": 0.5,
        "y": 0.715
      },
      "kind": "image",
      "text": "Exclusive: FTC seeking details on Amazon deal with AI startup Adept, source says",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "01ce13b6-9251-4dc9-afd6-358e4fb7855b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.35,
        "x": 0.14,
        "y": 0.765
      },
      "kind": "image",
      "text": "Competition watchdog investigates Microsoft over hiring of AI experts",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ae388310-b0be-4e94-a241-1cf1d8532154",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.3,
        "x": 0.07,
        "y": 0.575
      },
      "kind": "image",
      "text": "AI Unicorn Inflection Abandons Its ChatGPT Challenger As CEO Mustafa Suleyman Joins Microsoft",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d5e4f023-ae04-441e-ae0f-a158be123920",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.5,
        "y": 0.575
      },
      "kind": "image",
      "text": "This is Big Tech's playbook for swallowing the AI industry",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dd2a93d9-ca29-4627-910b-59ba05e41d95",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.9,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "paragraph",
      "text": "Regulatory action can only do so much to shape a market, when economic logic dictates otherwise. Giving the converging performance of many of 'the rest' and the companies' high cap-ex needs, consolidation is unsurprising. Given some of the regulatory hurdles, we've seen the rise of pseudo-acquisitions, where a Big Tech company i) hires the founders and much of the team of a start-up; ii) the start-up exits the model-building game to focus on its enterprise offer; iii) investors are paid out via a licensing agreement. This model has been used by Microsoft with Inflection and Amazon with Adept. However, regulators have become wise to the move and regulators on both sides of the Atlantic are beginning to scrutinize these arrangements.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fa0879ad-8095-43cc-9f0b-964c2911ea7f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "Introduction | Research | Industry | Politics | Safety | Predictions",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3c9e7871-ebb6-4154-84c0-358f73827dee",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.65,
        "x": 0.05,
        "y": 0.13
      },
      "kind": "title",
      "text": "...leading to the rise of pseudo-acquisitions as an exit strategy",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5de2df13-bd6a-44d2-a428-1be479858aa7",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-1055-74e0-a959-d78173361699",
      "evidence": "Title '...leading to the rise of pseudo-acquisitions as an exit strategy'",
      "confidence": 85
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 153,
      "from": 9,
      "beatId": "019dd95a-0682-776c-8e35-5f2398b8d1d0",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Facts (What)",
      "beatSlug": "triple-take-the-facts-what",
      "evidence": "Exec summary + Research + Industry sections inventory the year",
      "position": 1,
      "confidence": 78,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    },
    {
      "to": 174,
      "from": 86,
      "beatId": "019dd95a-0682-776c-8e35-73133c63a096",
      "arcName": "Voyage and Return",
      "arcSlug": "voyage-return",
      "beatName": "Discoveries",
      "beatSlug": "voyage-return-discoveries",
      "evidence": "Industry + Politics findings on NVIDIA, regulation, geopolitics",
      "position": 3,
      "confidence": 55,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 121,
      "from": 112,
      "name": "Pattern Hunter",
      "slug": "02-pattern-hunter",
      "bestFor": "Time-pressed audiences, building consensus, when data is strong",
      "matchId": "019dd95a-07fe-70ce-8d3e-53b7db321fbe",
      "evidence": "Chat sidekicks, labs as products, Mistral, Databricks/Snowflake, regulators, GitHub, agents, search",
      "position": 13,
      "objective": "Track AI products & dev-tools ecosystem maturation",
      "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion",
      "confidence": 72,
      "description": "Group multiple pieces of evidence that together point to a pattern or conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}