Inflection AI, a start-up founded by DeepMind and LinkedIn, is working to make it simple and easier for individuals to converse with computers and raised approximately $225M in the latest funding rounds.
Inflection AI, a relatively new AI start-up, has raised about $225M in funding. The start-up explained the new funding rounds in the filings with the “US Securities and Exchange Commission.”
A California-based start-up “Palo Alto,” specified the funding was offered in equity investments; however, they didn’t disclose investors who offered the capital.
In the past, it was reported that the start-up was supported by “Greylock Partners,” one of the most popular venture capital firms in Silicon Valley that have backed various tech firms like Palo Alto and Airbnb.
Apart from providing funds, Greylock Partners also intend to help the start-up in various other areas, such as go-to-market recruiting and initiatives.
Inflection AI and the new software
Mustafa Suleyman (DeepMind’s ML research unit’s cofounder) and Reid Hoffman (LinkedIn cofounder) launched Inflection AI. Some of the AI experts in Inflection AI worked at DeepMind, Google LLC, and Meta (previously Facebook).
The start-up develops AI software programs to make it easier for individuals to converse with computers. On their website, Inflection AI claims stated that:
“Recent advances in artificial intelligence promise to fundamentally redefine human-machine interaction. We will soon have the ability to relay our thoughts and ideas to computers using the natural, conversational language we use to communicate with people.”
DeepMind – one of the cofounders of Inflection AI
DeepMind has developed several neural networks to process “natural language” text. A couple of weeks ago, Ithaca – a neural network – was specified by DeepMind.
It can revive the missing texts of broken inscriptions from ‘ancient’ Greece and estimate when and where they were developed.
In addition, DeepMind’s research spans various other fields as well. They have created two newer and more advanced AlphaGo versions to perform specific tasks without directions from developers.