In March 2024, Microsoft hired Inflection AI co-founders Mustafa Suleyman and Karén Simonyan plus most of Inflection's roughly 70-person team, paying $650M ($620M for model licensing, $30M to waive legal claims). The arrangement effectively dissolved the startup's workforce; a rump team under new CEO Sean White pivoted to an enterprise AI assistant product. Investors who backed Inflection at a $4B valuation in 2023 reportedly recovered roughly their principal.