There’s 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 “personal AI for everyone,” 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’s total raised to $1.525 million, values Inflection at $4 billion.
CEO Mustafa Suleyman, who previously co-founded the Google-owned AI lab DeepMind, says that the new capital will support Inflection’s work to build and design its first product, an A...
