While this may feel shitty at first it shouldn't be a bad thing. You got lucky that you submitted (albeit still in review) before theirs came out. This wasn't a flag plant and it didn't come out while your research was in progress. Theirs existing on arxiv shouldn't stop yours being accepted (if the reviewers are fair).
If I were you I'd focus more on the fact that there's an entire research team in a large well funded industry lab that came up with the same thing as you. This means that you on your own did the same intellectual work as them... AND they'd probably want to hire you! If you're not interested in that, then they may consider collaboration given that they publish.
If contacting them I'd put it in a positive light and don't ask for anything (i.e. don't ask them to cite you!) Mention that you saw that they came out with the same thing and say they may be interested to see you've done exactly the same method and submitted to CVPR. You could suggest that you both may benefit from a meeting to chat about the topic/method :)
PipBuoy t1_j3swyy2 wrote
Reply to [D] Found very similar paper to my submitted paper on Arxiv by [deleted]
While this may feel shitty at first it shouldn't be a bad thing. You got lucky that you submitted (albeit still in review) before theirs came out. This wasn't a flag plant and it didn't come out while your research was in progress. Theirs existing on arxiv shouldn't stop yours being accepted (if the reviewers are fair).
If I were you I'd focus more on the fact that there's an entire research team in a large well funded industry lab that came up with the same thing as you. This means that you on your own did the same intellectual work as them... AND they'd probably want to hire you! If you're not interested in that, then they may consider collaboration given that they publish.
If contacting them I'd put it in a positive light and don't ask for anything (i.e. don't ask them to cite you!) Mention that you saw that they came out with the same thing and say they may be interested to see you've done exactly the same method and submitted to CVPR. You could suggest that you both may benefit from a meeting to chat about the topic/method :)