Technology company Microsoft, its founder Bill Gates, and chip company NVIDIA were among the investors leading a $1.3 billion funding round for US artificial intelligence startup Inflection AI, the company’s first product Working on a certain personal assistant and companion, the Pi. It was released last month.
Other investors in the round included LinkedIn founder and venture capitalist Reid Hoffman and former Google CEO Eric Schmidt, Inflection AI announced Thursday. It says.
The new round brings the startup’s total funding to over $1.52 billion.
Founded last year, Palo Alto-based Inflection AI announced that it is building the world’s largest AI cluster of 22,000 Nvidia H100 tensor core graphics processing units (GPUs).
The company’s product Pi, which stands for Personal AI, is designed to be “a friendly, supportive companion that provides text and voice conversations, friendly advice, and concise information in a natural, fluid style.” the company said.
“Personal AI will be the most transformative tool of our lifetimes.
Last year, Inflection AI raised $225 million in its first funding round.
“A powerful advantage of the AI revolution is the ability to interact with supercomputers using natural conversational language, simplifying many aspects of our daily lives,” said Nvidia founder and CEO Jensen Huang. increase.
“The team at Inflection AI is leading this groundbreaking effort, deploying Nvidia AI technology to help develop, train, and deploy large-scale generative AI models that enable the amassment of personal digital assistants. increase.”
Generative AI, a disruptive offshoot of this technology, is impacting various industries. Studies have shown that up to $4.4 trillion could be added to the global economy annually, with continued investment in technology transforming productivity in all sectors.
Consultancy McKinsey said in a report that the $2.6 trillion to $4.4 trillion annual economic contribution cap for generative AI will exceed the UK’s overall gross domestic product ($3.1 trillion) in 2021. Economic potential of generative AI: The next productivity frontier.
Kevin Scott, Chief Technology Officer and Executive Vice President of AI at Microsoft, said:
“These are exciting times, and ambitious AI companies are pioneering the industry with innovative products that are accessible, easy to use, and showcase the many possibilities of AI.”
Updated on June 29, 2023 at 5:02 PM
