ABC Tech Inc. is about to embark on a technology development that will disrupt the Al industry. Humanoid Inc, a competitor in the same industry, is also developing Al software. While these two companies are considering a strategic alliance to develop a breakthrough AI technology together, a major concern for both companies is controlling their proprietary technologies to prevent potential leakage. There are currently two options available. One is just to exchange technologies through a licensing agreement, and the other option is to establish an EJV $($equity joint venture$)$ and develop the Al technology together.

Which do you think is a better option and why? $(2$ pts$)$