Today’s AI breaking news is that a large portion of Inflection AI is being absorbed into Microsoft. Inflection AI was a ChatGPT challenger that was started by Reid Hoffman (LinkedIn Founder, Microsoft Board Member, Greylock VC and former Board Chair of OpenAI) and two AI experts including Deep Mind co-founder, Mustafa Suleyman. It raised $1.5B so far and was last valued at $4B. They didn’t seem to gain much traction since they launched last year though. I tried it once and pretty much forgot about it. It appears that the company is being restructured and the largest investor Microsoft is acqui-hiring(?) most of the team including the two AI expert co-founders. But Reid Hoffman will stay behind along with a small team and pivot the business to enterprise AI.
They have good growth and traction but they are also burning money like crazy. I think they will survive through some creative financing. i.e. If I were Nvidia, I will totally invest GPUs in Anthropic.
I wonder if Anthropic has any chance of surviving or if they will be the next to fall
They have good growth and traction but they are also burning money like crazy. I think they will survive through some creative financing. i.e. If I were Nvidia, I will totally invest GPUs in Anthropic.
I wasn't expecting Inflection AI to fall first ...