Artificial intelligence startup Inflection AI raises $1.3 billion, investors include Bill Gates and Nvidia

Babbitt News, on June 30, artificial intelligence startup Inflection AI announced that it has raised $1.3 billion in a new round of financing, led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and new investor NVIDIA. To date, the company’s total funding has reached $1.525 billion.

The new funding will support the company’s continued work building and designing the Pi, Inflection’s first product, which launches in May. Pi is an AI chatbot designed to be a gracious and supportive companion, offering text and voice conversations in a natural, fluid style.

This follows Inflection AI’s $225 million Series A funding round in early 2022 from Greylock, Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, Mike Schroepfer, Demis Hassabis, Will.i.am, Horizons Ventures, and Dragoneer.