By Alex Konrad
Inflection AI, The Year-Old Startup Behind Chatbot Pi, Raises $1.3 Billion Backed by Microsoft, Nvidia and billionaires Reid Hoffman, Bill Gates and Eric Schmidt, the startup led by ex-DeepMind leader MUSTAFA SULEYMAN is valued at $4 billion—and claims to have the world’s best AI hardware setup.
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Less than two months after the launch of their first chatbot Pi, artificial intelligence startup Inflection AI and CEO Mustafa Suleyman have raised $1.3 billion in new funding. Microsoft, Nvidia and three of tech’s most influential billionaires led the investment in the Palo Altobased startup launched in early 2022. LinkedIn cofounder Reid Hoffman, Microsoft cofounder Bill Gates and former Google CEO Eric Schmidt all personally invested, with Nvidia the sole new investor among the group. The new funding values Inflection at $4 billion, according to a source with knowledge of the transaction. Inflection said the company and Suleyman remained majority shareholders and declined further comment. In an interview, Suleyman said that the group of mostly insiders proposed the additional investment after Inflection was “overwhelmed with offers” following the launch of Pi, its conversational chatbot launched in May. “I think people can see that it’s
F O R B E S M I D D L E E A S T.C O M
AUGUST 2023
COURTESY OF INFLECTION AI
CONTRARIAN • TECHNOLOGY
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CONTRARIAN • TECHNOLOGY
