Inflection AI raises $1.3 billion in VC funding

Artificial intelligence startup Inflection AI said it raised $1.3 billion in funding from a clutch of investors including Microsoft and Bill Gates.
VC funding for techThe funding comes less than two months after the company, founded by LinkedIn co-founder Reid Hoffman and Google DeepMind co-founder Mustafa Suleyman, released its chatbot, Pi.

Similar to OpenAI’s popular ChatGPT, Pi uses generative AI technology to interact with users through dialogues, allowing people to ask questions and share feedback.

Hoffman, former Google CEO Eric Schmidt and NVIDIA also participated in the latest funding round, the company said.

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