Technology company Microsoft, its founder Bill Gates and chip company Nvidia are among investors who led a $1.3 billion funding round for US artificial intelligence start-up Inflection AI as the company works on developing its first product, a personal assistant and companion named Pi that was launched last month.
Other investors in the round included LinkedIn founder and venture capitalist Reid Hoffman and former chief executive of Google Eric Schmidt, Inflection AI said on Thursday.
The new round brings the total funds raised by the start-up to more than $1.52 billion.
Founded last year, Palo Alto-based Inflection AI said it was building the largest AI cluster in the world, comprising 22,000 Nvidia H100 tensor core graphics processing units (GPUs).
Its product Pi, short for personal AI, is designed to be a “kind and supportive companion offering text and voice conversations, friendly advice and concise information in a natural, flowing style”, the company said.
“Personal AI is going to be the most transformational tool of our lifetimes. This is truly an inflection point,” said Mustafa Suleyman, chief executive and co-founder of Inflection AI.
“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,” said Jensen Huang, founder and chief executive of Nvidia.
“The … team at Inflection AI is helping to lead this groundbreaking work, deploying Nvidia AI technology to develop, train and deploy massive generative AI models that enable amassing personal digital assistants.”
Generative AI, the disruptive offshoot of the technology, is affecting various industries. It could add as much as $4.4 trillion annually to the global economy and will transform productivity across sectors with continued investment in the technology, according to a study.
The higher end of generative AI's annual economic contribution of $2.6 trillion to $4.4 trillion eclipses the entire gross domestic product of the UK, which stood at $3.1 trillion in 2021, consultancy McKinsey said in its report The Economic Potential of Generative AI: The Next Productivity Frontier.
“We are proud to support Inflection AI as they pursue their vision for more trusted and personal AI experiences,” said Kevin Scott, chief technology officer and executive vice president for AI at Microsoft.
“It is an exciting time, and ambitious AI companies … are pioneering the industry with transformative products that are accessible, easy to use and show the many possibilities of AI.”
UAE%20PREMIERSHIP
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PSA DUBAI WORLD SERIES FINALS LINE-UP
Men’s:
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)
Women's:
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The%20Killer
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Match info
Bournemouth 1 (King 45 1')
Arsenal 2 (Lerma 30' og, Aubameyang 67')
Man of the Match: Sead Kolasinac (Arsenal)
GOODBYE%20JULIA
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SPEC SHEET
Display: 10.9" Liquid Retina IPS, 2360 x 1640, 264ppi, wide colour, True Tone, Apple Pencil support
Chip: Apple M1, 8-core CPU, 8-core GPU, 16-core Neural Engine
Memory: 64/256GB storage; 8GB RAM
Main camera: 12MP wide, f/1.8, Smart HDR
Video: 4K @ 25/25/30/60fps, full HD @ 25/30/60fps, slo-mo @ 120/240fps
Front camera: 12MP ultra-wide, f/2.4, Smart HDR, Centre Stage; full HD @ 25/30/60fps
Audio: Stereo speakers
Biometrics: Touch ID
I/O: USB-C, smart connector (for folio/keyboard)
Battery: Up to 10 hours on Wi-Fi; up to 9 hours on cellular
Finish: Space grey, starlight, pink, purple, blue
Price: Wi-Fi – Dh2,499 (64GB) / Dh3,099 (256GB); cellular – Dh3,099 (64GB) / Dh3,699 (256GB)
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Pad Man
Dir: R Balki
Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte
Three-and-a-half stars
Indoor Cricket World Cup
Venue Insportz, Dubai, September 16-23
UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty
PREMIER LEAGUE FIXTURES
All kick-off times UAE ( 4 GMT)
Saturday
Liverpool v Manchester United - 3.30pm
Burnley v West Ham United - 6pm
Crystal Palace v Chelsea - 6pm
Manchester City v Stoke City - 6pm
Swansea City v Huddersfield Town - 6pm
Tottenham Hotspur v Bournemouth - 6pm
Watford v Arsenal - 8.30pm
Sunday
Brighton and Hove Albion v Everton - 4.30pm
Southampton v Newcastle United - 7pm
Monday
Leicester City v West Bromwich Albion - 11pm
