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Friday, December 2, 2022

Inflection AI raises $225M to make communication with computers easier

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Inflection AI Inc. raised $225 million in new cash. Some 27 investors bought stakes in the startup as part of its fundraising.  The company hopes to make it easier for humans to communicate with computers.

A company with high-profile founders is raising $225 million in additional investment to make it simpler for people to connect with machines.

In a regulatory filing on Friday, Inflection AI Inc. reported its latest cash haul. As part of the company’s financing, 27 investors purchased shares.

The identities of those funders were not disclosed by the Palo Alto firm, which was launched earlier this year.

Reid Hoffman, co-founder of LinkedIn Corp., founded Inflection earlier this year with Mustafa Suleyman and Karen Simonyan, both DeepMind Technologies Ltd., Google LLC’s artificial intelligence research arm.

They haven’t said much about what they’re working on, although Suleyman, the startup’s CEO, hinted to the media in January.

He told the media, “I definitely feel like we haven’t really cracked the nut of how we make technology platforms, software, and, of course, AI feel like they’re happening with people, and where people have significant influence in shaping how it arrives in their world and doesn’t just happen to people.”

Suleyman built on this notion when Inflection started in March. In a blog article, he predicted that humans will soon be able to interact with computers as effortlessly as they do with other people.

He said, “These new language capabilities will redefine what it means to have a digital experience over time.”

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