Inflection AI raises $1.3bn to make personal AIs available globally

Artificial intelligence (AI) studio Inflection AI announced a hefty $1.3 billion in funding raised in a recent round led by prominent investors including Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA.

This substantial investment bolsters the total funds raised by the Palo Alto-based company to $1.5 billion.

The funds will underpin the development and design of Inflection AI’s pioneering product, Pi, launched in May. Envisioned as a novel class of AI, Pi is engineered to be a kind and supportive companion. It facilitates text and voice conversations, offers friendly advice, and provides concise information in a natural, flowing style.

The company is developing one of the most advanced large language models in collaboration with partners CoreWeave and NVIDIA.

The collaborative venture aims to create the world’s largest AI cluster, boasting 22,000 NVIDIA H100 Tensor Core GPUs. Inflection AI has made significant strides within just over a year, enabling users to interact seamlessly with Pi, their Personal AI, for fast, relevant, and helpful information and advice.

Jensen Huang – NVIDIA founder and CEO 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.”

Inflection AI has already amassed considerable support from investors. A previous funding round in early 2022 garnered $225 million from backers including Greylock, Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, Mike Schroepfer, Demis Hassabis, Will.i.am, Horizons Ventures, and Dragoneer.

Founded in early 2022 by Mustafa Suleyman, Karén Simonyan, and Reid Hoffman, Inflection AI specializes in creating personal AIs. The company’s mission is to make personal AIs accessible to everyone around the globe.

With its status as a Public Benefit Corporation and a team comprising some of the industry’s leading AI experts formerly associated with DeepMind, Google, Microsoft, OpenAI, and Meta, Inflection AI is poised to make a significant impact in the realm of AI technology.

Mustafa Suleyman — Inflection AI CEO and co-founder 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.”