Connect with us

Hi, what are you looking for?

Bytes

Inflection AI Secures $1.3 Billion Funding Round Led By Microsoft And Nvidia

CEO Mustafa Suleyman says, ‘Personal AI is going to be the most transformational tool of our lifetimes’

Artificial intelligence studio Inflection AI has raised a staggering $1.3 billion in a funding round led by Microsoft, Bill Gates, Reid Hoffman, Eric Schmidt and trillion-dollar company Nvidia.

Along with its partner CoreWeave, Inflection AI has raised a total of $1.525 billion in funding so far as it aims to build the largest AI cluster in the world comprising 22,000 Nvidia H100 Tensor Core GPUs.

In just over a year, Inflection AI has developed an advanced and refined large language model that powers Pi (personal intelligence), a personal AI that’s designed to revolutionise human-AI interaction by offering a seamless and intuitive experience as well as useful information.

Mustafa Suleyman, CEO and co-founder of Inflection AI said, “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 as well as Eric, Bill and many others to bring this vision to life.”

Continued growth and development

The funding will provide backing for Inflection’s ongoing efforts in the development of its first product Pi, which first launched in May.

Jensen Huang, founder and CEO of Nvidia said, “A powerful benefit of the AI revolution is the ability to use natural, conversational language to interact with supercomputers to simplify aspects of our everyday lives. The world-class team at Inflection AI is helping to lead this groundbreaking work, deploying Nvidia AI technology to develop, train and deploy massive generative AI models that enable amazing personal digital assistants.”

Kevin Scott, CTO and EVP AI at Microsoft said, “We’re proud to support Inflection AI as they pursue their vision for more trusted and personal AI experiences.” He adds that AI companies such as Inflection are pioneering the industry with transformative products at an exciting time.

In an earlier funding round in early 2022, Inflection AI secured $225 million investment from backers including Greylock, Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, Mike Schroepfer, Demis Hassabis, Will.i.am, Horizons Ventures, and Dragoneer.

Written By

Isa Muhammad is a writer and video game journalist covering many aspects of entertainment media including the film industry. He's steadily writing his way to the sharp end of journalism and enjoys staying informed. If he's not reading, playing video games or catching up on his favourite TV series, then he's probably writing about them.

You May Also Like

Level Up

Eager to be at the metaverse frontier, but not sure how to get started? As exciting as the idea of a shared digital space...

Bytes

New blockchain gaming platform based on Unreal Engine 5.

Bytes

The record for the most expensive land sale in the metaverse has just been raised

Bytes

Fashion brand teams up with proto-metaverse for two new eyewear options, the Helux and Hydra

Advertisement
Advertisement

Subscribe to the future

Advertisement