Investments into AI

The funding round is a sign of the growing maturity of the AI market. In the past, most AI companies were funded by venture capital firms. However, the Inflection AI funding round shows that major corporations are now investing in AI companies. This is a sign that AI is becoming a mainstream technology and that it is being seen as a strategic investment by major corporations.

The $1.3 billion funding round for Inflection AI is the largest funding round ever raised by a private AI company. The round was led by Microsoft and Nvidia, and it also included investments from Reid Hoffman, Bill Gates, and Eric Schmidt.

Forbes reported that Microsoft and Nvidia led the round, along with Hoffman, Microsoft cofounder Bill Gates and former Google CEO Eric Schmidt. Nvidia was the only new investor — which is notable given that Nvidia and its service provider CoreWeave worked with Inflection to develop Inflection’s current H100 cluster, and Inflection worked with Nvidia to help fine-tune models on a recent MLPerf test that set records on current AI model training benchmarks.

In a pre-July 4th weekend surprise, Inflection AI, the Palo Alto-based startup founded by Mustafa Suleyman, cofounder of DeepMind, and LinkedIn co-founder Reed Hoffman, announced that it has raised $1.3 billion in an eye-popping round that brings its valuation to $4 billion.

The funding round is a sign of the growing interest in AI and the potential of Inflection's technology. At the same time, a lawsuit alleges that ChatGPT, a large language model (LLM) developed by OpenAI, is a "discriminatory AI chatbot" that violates the civil rights of users.

The lawsuit is a significant development in the debate about the ethics of artificial intelligence. It is the first time the Company Behind ChatGPT Is Now Facing a Massive Lawsuit, against an AI company for the discriminatory behaviour of its AI chatbot. A 150+ page class action lawsuit was filed against OpenAI and Microsoft . The outcome of the lawsuit could have a major impact on the way that AI companies develop and use their products.

A lawsuit filed in the US has accused ChatGPT maker OpenAI of illegally scraping 300 billion words from internet to train its AI products. The company stole personally identifiable information of millions of internet users, including children of all ages.

Experts say, OpenAI's products wouldn't be the multi-billion-dollar business they are today without this unprecedented theft, it reveals.