Inflection AI Announces $1.3B of Funding Led by Current Investors, Microsoft, and NVIDIA
PALO ALTO, Calif., June 29, 2023 -- Inflection AI today announced that the company has raised $1.3 billion in a fresh round of funding led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA. The new funding brings the total raised by the company to $1.525 billion.
Along with its partners CoreWeave and NVIDIA, Inflection AI is building the largest AI cluster in the world comprising 22,000 NVIDIA H100 Tensor Core GPUs. In just over a year, Inflection AI has developed one of the most sophisticated large language models in the market to enable people to interact with Pi, your Personal AI, in the most simple, natural way and receive fast, relevant and helpful information and advice.
The funding will support the company’s continued work to build and design Inflection’s first product, launched in May. A new class of AI, Pi is designed to be a kind and supportive companion offering text and voice conversations, friendly advice, and concise information in a natural, flowing style.
“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,” said Mustafa Suleyman, CEO and co-founder of Inflection AI.
“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,” said Jensen Huang, founder and CEO of NVIDIA. “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.”
“We’re proud to support Inflection AI as they pursue their vision for more trusted and personal AI experiences,” said Kevin Scott, CTO and EVP AI, Microsoft. “It is an exciting time, and ambitious AI companies like Inflection AI are pioneering the industry with transformative products that are accessible, easy to use, and show the many possibilities of AI.”
“We are very excited to partner with Inflection AI, a pioneering AI company with an outstanding team, to bring the power of supercomputing to cutting edge consumer products,” said Michael Intrator, CEO of CoreWeave.
Previously, Inflection AI raised $225 million in a first round of funding in early 2022 from Greylock, Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, Mike Schroepfer, Demis Hassabis, Will.i.am, Horizons Ventures, and Dragoneer.
Pi, Your ‘Personal AI’
Pi was created to give people a new way to express themselves, share their curiosities, explore new ideas, and experience a trusted personal AI. It is built on world-class proprietary AI technology developed in-house.
Pi stands for “personal intelligence” because it can provide infinite knowledge based on a person’s unique interests and needs. Pi is a teacher, coach, confidante, creative partner, and sounding board. It is being continuously updated with new features and improvements.
People can talk to Pi across several platforms and continue the conversation whenever, wherever they are. Free to use, Pi is available on:
- Web: talk with Pi at pi.ai.
- Mobile: download Pi, your personal AI for iPhone or iPad.
- WhatsApp and SMS: add +1 (314) 333-1111 to your contacts to message Pi.
- Instagram: follow @heypi.ai and click here to send Pi a DM.
- Facebook Messenger: click here to get in touch with Pi.
About Inflection AI
Based in Palo Alto, CA, Inflection AI is an ‘AI Studio’ specializing in creating personal AIs. It was founded in early 2022 by Mustafa Suleyman, Karén Simonyan, and Reid Hoffman. Inflection AI’s mission is to make personal AIs available to every person in the world. The company is set up as a Public Benefit Corporation, and the Inflection AI team includes some of the industry’s top AI experts who previously worked at DeepMind, Google, Microsoft, OpenAI and Meta.
Source: Inflection AI