The new realities for startups, Amazon’s next strategic bets, and Allbirds’ crazy AI pivot
Seattle-area startups are adapting to the AI era with bigger checks going to fewer companies, and some are making strategic acquisitions. Amazon is also making new bets in areas like chips and robotics, while Allbirds has pivoted to AI infrastructure.
The Seattle-area startup scene is being reshaped by the AI era, with Q1 venture numbers showing bigger checks going to fewer companies. Seattle has slipped behind cities like Austin and Miami in deal volume. Founders and CEOs are navigating this new landscape by making strategic acquisitions and rethinking how they hire and expand. Many GeekWire 200 companies saw year-over-year employment declines as AI boosts individual productivity. Amazon is making new bets in areas like chips and robotics, and its Globalstar acquisition gives it Apple's satellite roadmap. Allbirds has pivoted to AI infrastructure, causing its stock to soar.
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