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{"id":36123,"date":"2023-06-29T22:00:04","date_gmt":"2023-06-29T22:00:04","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/06\/29\/inflection-lands-1-3b-investment-to-build-more-personal-ai\/"},"modified":"2023-06-29T22:00:05","modified_gmt":"2023-06-29T22:00:05","slug":"inflection-lands-1-3b-investment-to-build-more-personal-ai","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/06\/29\/inflection-lands-1-3b-investment-to-build-more-personal-ai\/","title":{"rendered":"Inflection lands $1.3B investment to build more \u2018personal\u2019 AI"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/29\/inflection-ai-lands-1-3b-investment-to-build-more-personal-ai\/<\/a><\/br>
\nInflection lands $1.3B investment to build more \u2018personal\u2019 AI<\/br>
\n2023-06-29 22:00:04<\/br><\/p>\n

\n
\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n
\n

There\u2019s still plenty of cash to go around in the generative AI space, apparently.<\/p>\n

As first reported<\/a> by Forbes, Inflection AI<\/a>, an AI startup<\/a> aiming to create \u201cpersonal AI for everyone,\u201d has closed a $1.3 billion funding round led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and new investor Nvidia. A source familiar with the matter tells TechCrunch the tranche, which brings the company\u2019s total raised to $1.525 billion, values Inflection at $4 billion.<\/p>\n

CEO Mustafa Suleyman, who previously co-founded the Google-owned AI lab DeepMind, says that the new capital will support Inflection\u2019s work to build and design its first product, an AI-powered assistant called Pi.<\/p>\n

\u201cPersonal AI is going to be the most transformational tool of our lifetimes. This is truly an inflection point,\u201d Suleyman said in a canned statement. \u201cWe\u2019re excited to collaborate with Nvidia, Microsoft, and CoreWeave as well as Eric, Bill and many others to bring this vision to life.\u201d<\/p>\n

Palo Alto, California-based Inflection, which has a small team of around 35 employees, has kept a relatively low profile to date, granting few interviews to the media. But in May, Inflection launched the aforementioned Pi, which is designed to provide knowledge based on a person\u2019s interests and needs. Available to test via a messaging app<\/a> or online<\/a>, Pi\u2019s intended to be a \u201ckind\u201d and \u201csupportive\u201d companion, Inflection says \u2014 offering \u201cfriendly\u201d advice and info in a \u201cnatural, flowing\u201d style.<\/span><\/p>\n

\"Inflection<\/p>\n

Inflection\u2019s personal AI assistant, which offers \u201cfriendly\u201d advice. Image Credits:<\/strong> Inflection<\/p>\n<\/div>\n

Inflection recently peeled back the curtains on Inflection-1<\/a>, the AI model powering Pi, asserting that it\u2019s competitive or superior with other models in its tier \u2014 namely OpenAI\u2019s GPT-3.5<\/a> and Google\u2019s PaLM-540B. According to results from the company, Inflection-1 indeed performs well on various measures, like middle- and high school-level exam tasks and \u201ccommon sense\u201d benchmarks. But it falls behind on coding, where GPT-3.5 beats it handily and, for comparison, OpenAI\u2019s GPT-4<\/a> smokes the competition.<\/p>\n

In pursuit of larger and more capable models, Inflection says it\u2019s working with Nvidia and CoreWeave, a GPU cloud provider, to build what it claims is one of the largest AI training clusters in the world, comprising 22,000 Nvidia H100 GPUs.<\/p>\n

It has the cash to do so now, one would presume. With the closing of the latest tranche, Inflection sits behind OpenAI (which has raised $11.3 billion to date) as the second-best-funded generative AI startup \u2014 edging out Anthropic<\/a> ($1.5 billion). Well behind it are Cohere<\/a> ($445 million),\u00a0Adept<\/a> ($415 million), Runway<\/a> ($237 million), Character.ai ($150 million) and Stability AI<\/a> (~$100 million).<\/p>\n

Despite the difficult macroeconomic environment, money\u2019s still pouring into generative AI startups, indeed. According<\/a> to PitchBook, roughly $1.7 billion was generated across 46 deals in Q1 2023, with an additional $10.68 billion worth of deals announced sometime in the quarter but not yet completed.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/06\/29\/inflection-ai-lands-1-3b-investment-to-build-more-personal-ai\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/29\/inflection-ai-lands-1-3b-investment-to-build-more-personal-ai\/ Inflection lands $1.3B investment to build more \u2018personal\u2019 AI 2023-06-29 22:00:04 There\u2019s still plenty of cash to go around in the generative AI space, apparently. As first reported by Forbes, Inflection AI, an AI startup aiming to create \u201cpersonal AI for everyone,\u201d has closed a $1.3 billion funding round led by Microsoft, Reid Hoffman, […]<\/p>\n","protected":false},"author":1,"featured_media":36124,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-36123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nInflection lands $1.3B investment to build more \u2018personal\u2019 AI - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/06\/29\/inflection-lands-1-3b-investment-to-build-more-personal-ai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflection lands $1.3B investment to build more \u2018personal\u2019 AI - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/06\/29\/inflection-ai-lands-1-3b-investment-to-build-more-personal-ai\/ Inflection lands $1.3B investment to build more \u2018personal\u2019 AI 2023-06-29 22:00:04 There\u2019s still plenty of cash to go around in the generative AI space, apparently. 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