In a surprising turn, Microsoft and NVIDIA are at the forefront of Inflection AI's $1.3 billion funding campaign.
In Brief
In a significant move, Inflection AI has raised $1.3 billion in a new funding influx, showcasing its commitment to growth.
This latest investment elevates the total capital Inflection AI has attracted to an impressive $1.525 billion, positioning the company at a valuation of $4 billion.
Earlier this year, in early 2022, Inflection AI had raised $225 million during its initial funding efforts.
With the backing of influential figures like Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and NVIDIA, Inflection AI achieved a remarkable milestone, raising $1.3 billion in its latest funding round.
The influx of capital brought the overall funding amassed by the company to a staggering $1.525 billion, valuing it at a significant $4 billion.
By partnering with CoreWeave and NVIDIA, Inflection AI is embarking on an ambitious project to create the largest AI computing cluster in the world, featuring an impressive 22,000 NVIDIA H100 Tensor Core GPUs.
Inflection AI proudly states that it successfully developed its large language model (LLM) in just over a year. They claim that their model surpasses the capabilities of other leading models, such as GPT-3.5, LLaMA, Chinchilla, and PaLM-540B in various widely recognized benchmarks. Inflection-1 Mustafa Suleyman, CEO and co-founder of Inflection AI, emphasizes the transformative potential of personal AI. He stated, \"Personal AI is going to be the most transformational tool of our lifetimes. This is truly an inflection point. We’re excited to collaborate with NVIDIA, Microsoft, and CoreWeave, along with Eric, Bill, and others to bring this vision to fruition.”
The technology driving Pi, Inflection's personal AI chatbot, is based on the Inflection-1 LLM.
Pi, short for \"personal intelligence,\" is designed to offer limitless knowledge tailored to an individual’s unique interests and preferences. Inflection AI provides this chatbot for free, and it’s accessible on both iPhones and iPads. The team consistently updates Pi with new enhancements and features. released in May As Mustafa Suleyman describes it, Pi acts as a supportive digital companion for users, aiding them in learning and serving as a comforting outlet for discussing difficult topics. It provides both text and voice interactions, offering friendly guidance and succinct information using natural language. the web The recently secured funds will be channeled toward the ongoing development of Pi. Founded in early 2022 by a dedicated team including Karén Simonyan and Reid Hoffman, Inflection AI had previously acquired $225 million in its initial funding round earlier in the year, with participation from prominent investors like Greylock, Microsoft, and others.
The Inflection AI team boasts many of the industry's leading AI experts, many of whom have previous experience at top organizations such as DeepMind, Google, Microsoft, OpenAI, and Meta.
Kevin Scott, Microsoft’s CTO and EVP AI, expressed his enthusiasm for Inflection AI's aspirations for building more reliable and personalized AI experiences, stating, \"We’re proud to support Inflection AI as they pursue their vision for more trusted and personal AI experiences. It’s an exciting time, as ambitious AI companies like Inflection are pioneering the industry with innovative products that are accessible and showcase the vast potential of AI.\" Mustafa Suleyman Bill Gates is not on board with the idea of halting AI development to address its challenges.
In a frank discussion, Bill Gates voiced his opinions against cryptocurrency, NFTs, and the Bored Apes phenomenon.
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