Microsoft hires the team of Sequioa-backed AI collaboration platform, Cove

The acquisition of Cove's team by Microsoft highlights the ongoing trend of larger tech companies absorbing innovative startups to bolster their own offerings. While this may benefit Microsoft in terms of talent and technology, it raises concerns for existing customers of Cove who will lose access to their data and services. This trend could lead to a more homogenized market where smaller players struggle to compete.