Inflection AI

Last updated
Inflection AI, Inc.
Company type Public benefit corporation
Industry Artificial intelligence
Founded2022;2 years ago (2022)
Founders
Headquarters Palo Alto, California, U.S.
Key people
Sean White (CEO)
ProductsPi
Number of employees
35 (2023)
Website inflection.ai
Footnotes /references
[1]

Inflection AI, Inc. is an American technology company which has developed a machine learning and generative artificial intelligence hardware and apps, founded in 2022. [2] [3] [4] The company is structured as a public benefit corporation and is headquartered in Palo Alto, California. [5] [6]

Contents

History

The company was founded by entrepreneurs Reid Hoffman, Mustafa Suleyman and Karén Simonyan in 2022. [2] [3] [4] The company has collaborated with Nvidia to develop hardware for generative artificial intelligence. [7]

In June 2023, the company raised US$1.3 billion at $4 billion valuation. [7]

In March 2024, Suleyman and Simonyan announced their departure from the company in order to start Microsoft AI, with Microsoft acqui-hiring nearly the entirety of its 70-person workforce. [8] As part of the deal, Microsoft paid Inflection $650 million to license its technology. The proceeds were used to reimburse Inflection AI's investors. [9] UK's Competition and Markets Authority launched a preliminary probe into the deal to examine the impact on competition and whether the agreement constituted a merger. [10] The regulator concluded that the deal amounted to a "merger situation," but did not pose a threat to competition due to Inflection's small share in the UK consumer market. [11]

Products

The first product released widely by Inflection AI is a chatbot, Pi, named for “personal intelligence,” that is intended to function as an artificial intelligence-based personal assistant. [12] Among the user experience goals that the company has stated for the Pi product are: providing an experience of emotional support for human users, in which the chatbot should be able to maintain an interactive text or voice-based dialogue with a human user that includes elements of kindness, a diplomatic tone about sensitive topics, and humor. [13] Comparisons and contrasts have been made between the Pi chatbot and ChatGPT, a chatbot created by OpenAI. [14]

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References

  1. ↑ Nishant, Niket; Hu, Krystal (2023-06-29). "Microsoft-backed AI startup Inflection raises $1.3 billion from Nvidia and others". Reuters.
  2. 1 2 Wiggers, Kyle (2022-05-13). "Inflection AI raises $225M to supercharge computer-human interactions". TechCrunch. Retrieved 2023-06-16.
  3. 1 2 Quach, Katyanna. "LinkedIn billionaire launches Inflection AI startup". www.theregister.com. Retrieved 2023-06-16.
  4. 1 2 Shead, Sam (2022-03-08). "Reid Hoffman has co-founded his first new company since LinkedIn sale". CNBC. Retrieved 2023-06-16.
  5. ↑ Konrad, Alex (2023-06-29). "Inflection AI, The Year-Old Startup Behind Chatbot Pi, Raises $1.3 Billion". Forbes.
  6. ↑ Kahn, Jeremy (2023-05-03). "DeepMind cofounder's new A.I. chatbot is a good listener. And that's about it. Is that enough?". Fortune.
  7. 1 2 Konrad, Alex. "Inflection AI, The Year-Old Startup Behind Chatbot Pi, Raises $1.3 Billion". Forbes. Retrieved 2023-10-20.
  8. ↑ "The new Inflection: An important change to how we'll work". Inflection. Retrieved 2024-03-19.
  9. ↑ Griffith, Erin; Metz, Cade (August 8, 2024). "The New A.I. Deal: Buy Everything but the Company". The New York Times.
  10. ↑ Orru, Mauro (July 16, 2024). "Microsoft Faces U.K. Antitrust Probe Over Ties to Inflection AI". The Wall Street Journal.
  11. ↑ "UK competition watchdog clears Microsoft's hiring of AI startup's core staff". Associated Press. September 4, 2024.
  12. ↑ Konrad, Alex. "Inflection AI, Startup From Ex-DeepMind Leaders, Launches Pi — A Chattier Chatbot". Forbes. Retrieved 2023-06-16.
  13. ↑ Hu, Krystal (2023-05-02). "Hoffman and Suleyman's AI startup Inflection launches ChatGPT-like chatbot". Reuters. Retrieved 2023-06-16.
  14. ↑ "LinkedIn co-founder and Google DeepMind co-founder's startup Inflection AI launches 'Pi' chatbot". Business Today. 2023-05-03. Retrieved 2023-06-16.
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