Microsoft Bolsters AI Capabilities, Acquires Inflection AI Technology for $650 Million
• Microsoft paying $650M to acquire Inflection AI, an AI startup, to boost its AI capabilities
• $620M to license Inflection's AI models, $30M to hire its employees without legal issues
• Microsoft hiring Inflection's co-founders to lead a new AI division rather than acquiring the whole company
• Inflection employees joining Microsoft to work on products like Copilot AI coding assistant
• Analysts bullish on Microsoft stock with $470 average price target, 9.5% upside potential due to AI investments