#inflection-ai

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microsoft
www.fastcompany.com
1 month ago
Artificial intelligence

Microsoft's Inflection AI grab likely cost more than $1 billion, says an insider (exclusive)

Microsoft paid $620 million for access to Inflection AI model through Azure Cloud.
Inflection shareholders guaranteed $1.50 for every dollar of equity, with $380 million anticipated for buybacks. [ more ]
TechCrunch
1 month ago
Artificial intelligence

Here's how Microsoft is providing a 'good outcome' for Inflection AI VCs, as Reid Hoffman promised | TechCrunch

Microsoft paid approximately $650 million for non-exclusive licensing fees and to prevent lawsuits from Inflection AI.
Investors in early rounds will receive 1.5 times their investment, while later round investors will get 1.1 times, plus equity in the new pivot. [ more ]
TechCrunch
1 month ago
Artificial intelligence

Watch: All about Microsoft's mega AI push after it hired Inflection AI's co-founders | TechCrunch

Microsoft absorbing Inflection AI staff to avoid regulatory oversight
Microsoft heavily investing in AI technologies and talent [ more ]
TechCrunch
1 month ago
Artificial intelligence

Microsoft hires Inflection founders to run new consumer AI division | TechCrunch

Microsoft hires co-founders of Inflection AI for consumer AI business and research roles.
Inflection AI shifts focus to AI studio business after significant funding rounds. [ more ]
moremicrosoft
www.fastcompany.com
1 month ago
Artificial intelligence

5 things to know about Mustafa Suleyman, CEO of Microsoft AI

Mustafa Suleyman, former CEO of Inflection AI, has been hired by Microsoft as the CEO of its new consumer AI division, Microsoft AI.
Suleyman is a pioneer in AI and has worked on emotionally intelligent AI products like Inflection AI's personal AI assistant, Pi. [ more ]
Fortune
3 months ago
Artificial intelligence

DeepMind co-founder Mustafa Suleyman warns AI is a 'fundamentally labor replacing' tool

Mustafa Suleyman, co-founder of DeepMind, is working on a new company called Inflection AI that offers personalized AI assistants
Suleyman expressed concerns about the negative effects of AI on workers, stating that AI tools can both replace existing jobs and create new ones [ more ]
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