Inflection AI raises $1.3 billion to develop its Pi assistant
Microsoft, NVIDIA and individual investors backed the June 2023 financing for personal AI and model development.
Inflection AI closed a $1.3 billion funding round on 29 June 2023 to support development of its Pi personal assistant and the models behind it. Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and NVIDIA led the financing.
The Palo Alto company had launched Pi in May as a conversational assistant designed to provide information and advice through natural dialogue. The new capital would support further product and model development.
Inflection was also working with NVIDIA and cloud provider CoreWeave on computing infrastructure for AI training. The funding brought its total capital raised at the time to $1.525 billion.
Use of funds
Develop the Pi personal AI assistant
Expand AI model development and training infrastructure