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Saturday, August 31, 2024

Amazon hires Covariant founders, inks licensing deal with AI startup in latest ‘reverse acquihire’

Amazon is hiring three of the founders from Covariant, a Bay Area startup that develops AI for advanced warehouse robotics systems. As part of the arrangement, announced late Friday just before the holiday weekend, Amazon will receive a non-exclusive license to Covariant’s AI models. Covariant will continue to operate, but the three co-founders — former OpenAI researchers Peter Chen, Pieter Abbeel, and Rocky Duan — and about a quarter of the company’s employees are expected to join Amazon. The deal is similar to one that Amazon struck in June, when it hired the founders of Adept, a well-funded startup building AI… Read More


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