Venture Capital

Inflection AI Raises $1.3 Billion

PALO ALTO — Inflection AI has raised $1.3 billion in a new round of funding led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA. The new funding brings the total raised by the company to $1.525 billion.

Along with its partners CoreWeave and NVIDIA, Inflection AI is building the largest AI cluster in the world comprising 22,000 NVIDIA H100 Tensor Core GPUs. In just over a year, Inflection AI has developed one of the most sophisticated large language models in the market to enable people to interact with Pi, your Personal AI, in the most simple, natural way and receive fast, relevant and helpful information and advice.

The funding will support the company’s continued work to build and design Inflection’s first product, launched in May. A new class of AI, Pi is designed to be a kind and supportive companion offering text and voice conversations, friendly advice, and concise information in a natural, flowing style.

“Personal AI is going to be the most transformational tool of our lifetimes. This is truly an inflection point. We’re excited to collaborate with NVIDIA, Microsoft, and CoreWeave as well as Eric, Bill and many others to bring this vision to life,” said Mustafa Suleyman, CEO and co-founder of Inflection AI.

“A powerful benefit of the AI revolution is the ability to use natural, conversational language to interact with supercomputers to simplify aspects of our everyday lives,” said Jensen Huang, founder and CEO of NVIDIA. “The world-class team at Inflection AI is helping to lead this groundbreaking work, deploying NVIDIA AI technology to develop, train and deploy massive generative AI models that enable amazing personal digital assistants.”

“We’re proud to support Inflection AI as they pursue their vision for more trusted and personal AI experiences,” said Kevin Scott, CTO and EVP AI, Microsoft. “It is an exciting time, and ambitious AI companies like Inflection AI are pioneering the industry with transformative products that are accessible, easy to use, and show the many possibilities of AI.”

Previously, Inflection AI raised $225 million in a first round of funding in early 2022 from Greylock, Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, Mike Schroepfer, Demis Hassabis,, Horizons Ventures, and Dragoneer.