Tech

The co-founders of LinkedIn and DeepMind are raising $ 225 million

DeepMind co-founder Mustafa Suleiman

Greylock Partners

Inflection AI, a new artificial intelligence startup from DeepMind co-founder Mustafa Suleiman and LinkedIn co-founder Reid Hoffman, secured $ 225 million in funding, the U.S. Securities and Exchange Commission said last week.

Funding, first reported by TechCrunch, was raised on an undisclosed estimate, and it is unclear who the investors are at this stage. It is likely that much of the funding will be used to hire experts in artificial intelligence who can earn high salaries. Inflection did not immediately respond to CNBC’s request for comment.

The company, founded earlier this year, wants to develop AI software products that make it easier for people to communicate with computers.

“When you think about computing history, we’ve always tried to reduce the complexity of our ideas to get them to the machine,” Suleiman told CNBC during a launch in March. “Even when we write a search query, we simplify, shorten, or write shorthand so that the search engine can understand what we want.”

If people want to control a computer, they need to learn a programming language to give instructions, he added, or use a mouse to navigate and interact with things on the screen. “These are all ways we simplify our ideas and reduce their complexity, as well as in a sense their creativity and their uniqueness, to get the machine to do something,” Suleiman said.

The British entrepreneur says Inflection will seek to develop a new set of technologies that will eventually allow anyone to talk to a computer in simple language. At this stage, it is unclear what the final products will look like, how much they will cost and who they will target.

When the campaign was launched, only three team members were named: Suleiman, Hoffman and former DeepMind researcher Karen Simanyan. However, now others have joined them.

In March, Heinrich Kuttler left his position as research manager at Meta AI in London to become a member of Inflection’s founding team working on the technical side of the business, according to his LinkedIn page. Elsewhere, Joe Fenton left his position as senior product manager at Google in February to work on the product business.

Maarten Bosma and Revon Child, two former Google Brain researchers, also recently joined the ranks, according to LinkedIn, which claims they appeared on board in April.

Inflection is “incubated” by venture capital company Greylock Ventures, whose partners are Suleiman and Hoffman. In March, Greylock told CNBC he was investing in Inflection, but declined to say how much.

Inflection is one of several new AI startups that are focusing their efforts on helping machines understand human language. Others that have recently been created by luminaries in the field include Adept and Koger.

The co-founders of LinkedIn and DeepMind are raising $ 225 million

Source link The co-founders of LinkedIn and DeepMind are raising $ 225 million

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