writes copy 29 Jun 2023

13B Investment in Inflection AI: Building the Future of Personal AI

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In the rapidly evolving field of artificial intelligence (AI), one company is making significant strides towards creating “personal AI for everyone.” Inflection AI, led by CEO Mustafa Suleyman, a co-founder of Google-owned AI lab DeepMind, has recently secured a groundbreaking investment of $1.3 billion. This substantial funding, led by industry giants Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor Nvidia, demonstrates the immense potential and confidence in Inflection AI’s vision.

Inflection AI aims to revolutionize computer-human interactions by developing an AI-powered assistant called Pi. This personal AI assistant is designed to provide knowledge tailored to individual interests and needs, making it a “kind” and “supportive” companion. With a natural and flowing conversational style, Pi offers friendly advice and information, promising to be a transformational tool in the lives of its users.

Inflection AI’s first product, Pi, launched in May and has garnered significant attention. Available for testing via a messaging app or online platform, Pi showcases the potential of Inflection AI’s technology. As a result of the recent funding, the company aims to further develop and design Pi, aligning it with their vision of a truly personalized AI experience.

Inflection AI recently revealed their powerful AI model, Inflection-1, which powers Pi. This model competes favorably with other top-tier models such as OpenAI’s GPT-3.5 and Google’s PaLM-540B. Inflection-1 performs exceptionally well in middle- and high school-level exam tasks and common sense benchmarks. However, it falls short in coding tasks, where GPT-3.5 outperforms it. Inflection AI, in collaboration with Nvidia and CoreWeave, is actively working to build one of the largest AI training clusters globally, consisting of 22,000 Nvidia H100 GPUs. This investment in infrastructure will strengthen their AI capabilities and enable the development of larger and more advanced models in the future.

Despite the challenging macroeconomic environment, generative AI startups continue to attract substantial investments. Inflection AI’s $1.3 billion funding round positions them as the second-best-funded generative AI startup, trailing behind OpenAI, which has raised a staggering $11.3 billion. This significant investment places Inflection AI ahead of other notable startups such as Anthropic ($1.5 billion), Cohere ($445 million), Adept ($415 million), Runway ($195.5 million), Character.ai ($150 million), and Stability AI (~$100 million).

The $1.3 billion investment in Inflection AI not only validates the company’s vision but also provides the necessary resources to accelerate their research and development efforts. This infusion of capital will support the growth of their team and enable them to create cutting-edge AI technologies that enhance human-computer interactions. With influential investors like Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and Nvidia backing Inflection AI, the company is poised to make significant strides in the field of personal AI.

Inflection AI’s CEO, Mustafa Suleyman, believes that personal AI is the most transformational tool of our time. With the support of their investors and strategic partners, including Microsoft, Nvidia, and CoreWeave, Inflection AI is well-positioned to bring their vision to life. By developing an AI assistant that offers personalized and supportive interactions, Inflection AI aims to empower individuals worldwide to harness the potential of AI in their daily lives.

Inflection AI’s success is not an isolated occurrence in the generative AI space. Pitchbook reports that in Q1 2023 alone, approximately $1.7 billion was generated across 46 deals in the generative AI sector. Additionally, deals worth $10.68 billion were announced during the quarter, signaling a continued interest and investment in this burgeoning field. The thriving investment landscape reflects the growing recognition of the transformative power of AI and its potential to reshape various industries.

Inflection AI’s recent $1.3 billion investment marks a significant milestone in their pursuit of creating “personal AI for everyone.” With the backing of industry heavyweights Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and Nvidia, Inflection AI is well-positioned to advance the field of personal AI and redefine computer-human interactions. Their AI assistant, Pi, showcases the potential of their technology and provides a glimpse into a future where AI becomes an integral part of daily life. As the investment landscape in generative AI continues to flourish, Inflection AI stands at the forefront of innovation, driving the adoption of personalized AI technologies and empowering individuals worldwide.

First reported by TechCrunch.

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