Inflection AI, a company based in Palo Alto, California, specializing in the creation of personal artificial intelligence (AI), has secured $1.3 billion in funding. The funding round, led by Microsoft and joined by notable figures including Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA, brings the total raised by the company to $1.525 billion.
The purpose of this funding infusion is to further the development and design of Inflection AI’s inaugural product, which was launched in May. Established in early 2022 by Mustafa Suleyman, KarĂ©n Simonyan, and Reid Hoffman, Inflection AI functions as an ‘AI Studio,’ focusing on crafting individualized AIs. Within slightly over a year, the company has created an advanced large language model that powers Pi, a Personal AI accessible at pi.ai. This AI companion, referred to as Pi, engages in natural text and voice conversations, offering quick, pertinent advice and information in a friendly manner.
Previously, in early 2022, Inflection AI had secured $225 million in its initial funding round from investors such as Greylock, Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, Mike Schroepfer, Demis Hassabis, Will.i.am, Horizons Ventures, and Dragoneer.