AI Firm Snaps Up Another AI Platform for $60M
Another day, another AI firm buying another AI firm with more AI promises. Robo.ai Inc. has announced its acquisition of QC Capital Limited for $60 million in stock. QC Capital is an AI-driven venture-building and technology holding platform, aiming to bolster Robo.ai's global AI robotics network. Wonder if the surf in Todos Santos is pumping hard enough to drown out the sound of all these algorithms generating hot air. Here in Baja, we prefer our capital ventures to involve actual capital, not just shares in the next big thing that does... whatever it is these things do. Pass the fish tacos.