The Halo Effect
Notes on the recent trend of “Hire and License Out” deals in AI Halos are made when souls leave their companies and ascend to the Clouds Over the last year, a new breed of deal structure has emerged in AI: an alternative to acquisitions and hiring that shares traits of both yet isn’t quite either. Companies like Inflection, Character AI, Adept, Covariant and most recently Windsurf have used this new structure in a common pattern. A core team from the startup–usually including the founders and