Inflection AI
Inflection AI, Inc. is an American technology company which has developed machine learning and generative artificial intelligence hardware and apps, founded in 2022. The company is structured as a public benefit corporation and is headquartered in Palo Alto, California.
History
The company was founded by entrepreneurs Reid Hoffman, Mustafa Suleyman and Karén Simonyan in 2022. The company has collaborated with Nvidia to develop hardware for generative artificial intelligence.In June 2023, the company raised US$1.3 billion at $4 billion valuation.
In March 2024, Suleyman and Simonyan announced their departure from the company in order to start Microsoft AI, with Microsoft acqui-hiring nearly the entirety of its 70-person workforce. As part of the deal, Microsoft paid Inflection $650 million to license its technology. The proceeds were used to reimburse Inflection AI's investors. UK's Competition and Markets Authority launched a preliminary probe into the deal to examine the impact on competition and whether the agreement constituted a merger. The regulator concluded that the deal amounted to a "merger situation," but did not pose a threat to competition due to Inflection's small share in the UK consumer market.