Chatbot startup Inflection AI raises $1.3B from Microsoft, NVIDIA and others
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Inflection AI, a startup that develops personal artificial intelligence (AI) technologies, on Thursday said it had raised $1.3B in funding from investors including Microsoft (MSFT) and NVIDIA (NVDA).
Based in Palo Alto, California, Inflection AI was founded in early 2022 and is backed by several heavyweight Silicon Valley names. According to its website, its team includes people who previously worked at places such as DeepMind, Google (GOOG) (GOOGL) and OpenAI.
The latest round of funding was led by existing investors Microsoft (MSFT), Bill Gates, LinkedIn co-founder Reid Hoffman, tech executive Eric Schmidt and new investor NVIDIA (NVDA). With this investment, Inflection AI has now raised a total of $1.525B over two rounds. 
Inflection AI in May this year launched its first product, a conversational AI called Pi that is tailored to individual people. The company is also building what it calls "the largest AI cluster in the world" comprising of 22K NVIDIA H100 Tensor Core GPUs.
"The funding will support the companyâs continued work to build and design Inflectionâs first product, launched in May," Inflection AI said in a statement. 
"A powerful benefit of the AI revolution is the ability to use natural, conversational language to interact with supercomputers to simplify aspects of our everyday lives,â NVIDIA CEO Jensen Huang said, adding that the team at Inflection AI was helping to lead this work.
Inflection AI becomes the latest firm touting AI capabilities to attract money from high-profile names. The enthusiasm around AI was sparked late last year after OpenAI's bot ChatGPT became a sensation. The positive sentiment has carried into this year and has helped fuel a massive rally in technology stocks.
Microsoft (MSFT) and NVIDIA (NVDA) have been among the biggest beneficiaries of the AI craze, with both giants scaling new heights this year. MSFT is seen as a front-runner in the adoption of AI after its massive investment in OpenAI, while NVDA's market capitalization has crossed $1T after it reported blockbuster results and guidance based on demand for AI-related technology.
Earlier this month, NVIDIA (NVDA) participated in a $270M funding round for Cohere, a developer of large language models.
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