Inflection AI, a firm supported by Microsoft and Nvidia, announced on Thursday that it had secured $1.3 billion from investors.
A source told Reuters that the cash-and-cloud credit investment valued the one-year-old company at $4 billion.
Inflection launched Pi last month. Its founders, Google DeepMind co-founder Mustafa Suleyman and LinkedIn co-founder Reid Hoffman focused on consumer-facing AI solutions.
Pi lets users ask questions and give feedback through dialogues using generative AI technology like ChatGPT. Inflection intends to construct a personal AI to assist people in planning, scheduling, acquiring information, and more.
Palo Alto-based Inflection AI employs 35 people. Greylock, Microsoft, and Reid Hoffman funded the initial $225 million round in early 2022. It released a paper last week claiming its model Inflection-1, which drives Pi, surpassed most others.
According to Inflection CEO Suleyman, the most investment will go toward processing power to improve the foundation concept.
We’ll cluster 22,000 H100s. This is around three times the computation used to train GPT4. At Collision Conference on Thursday, Suleyman said speed and scalability would help us produce a differentiated offering.
After OpenAI’s bot ChatGPT went popular late last year, AI was hailed as the future of technology.
In recent months, corporates and authorities have started considering how to integrate technology into their businesses, attracting investors.
Inflection’s recent funding included Microsoft (MSFT.O), an existing investor and OpenAI sponsor.
Inflection said Hoffman, Bill Gates, Nvidia (NVDA.O), and former Google CEO Eric Schmidt all invested.
