Inflection AI plans to license its technology to Microsoft; a source says investors in Inflection AI, which has raised more than $1.5B, will be made whole
Microsoft Hires DeepMind Co-founder Mustafa Suleyman from Inflection to Run Consumer AI Devesh Beri / MSPoweruser : Inflection AI plans to license its technology to Microsoft after CEO moves to the latter Ben's Bites : Microsoft pulls Infection AI's cofounder to run its new AI division. Ananya Gairola / Benzinga : Is Microsoft Trying To Diversify Its OpenAI Risk By Hiring Inflection AI Founders? Cathie Wood's Potential Successor Thinks So Devin Coldewey / TechCrunch : After raising $1.3B, Inflection is eaten alive by its biggest investor, Microsoft Paul Smith / Australian Financial Review : Shock as AI founders defect to Microsoft after raising $US1.3bn Thomas Claburn / The Register : Microsoft hits Inflection point, peels off top personnel to form AI division Kylie Robison / Fortune : Why Microsoft's surprise deal with $4 billion startup Inflection is the most important non-acquisition in AI Chris McKay / Maginative : Inflection AI Pivots as CEO Mustafa Suleyman Joins Microsoft to Lead New AI Division Forbes : AI Unicorn Inflection Abandons Its ChatGPT Challenger As CEO Mustafa Suleyman Joins Microsoft Kelvin Munene / The Crypto Times : Microsoft Welcomes DeepMind Co-founder Suleyman to Lead AI Charge Maria Deutscher / SiliconANGLE : Microsoft appoints Inflection AI CEO Mustafa Suleyman to lead its consumer AI unit Satya Nadella / The Official Microsoft Blog : Microsoft announces Microsoft AI, focused on Copilot and other consumer AI products; Mustafa Suleyman will be its CEO and Karén Simonyan its chief scientist Inflection : Inflection AI names Sean White as CEO and plans to host Inflection-2.5 on Azure, after co-founders Karén Simonyan and Mustafa Suleyman depart for Microsoft AI New York Times : Inflection won't shut down Pi but will no longer focus on its consumer business, instead working with commercial customers to create, test, and tune AI systems X: Alex Konrad / @alexrkonrad : A bit more detail on the Inflection / Microsoft news: sources tell me at @Forbes that there's an undisclosed financial component to Inflection's licensing its API to Microsoft, providing a path for Inflection investors to be made whole over time. https://www.forbes.com/... Gary Marcus / @garymarcus : Inflection: Investors will make only a small profit ("investors they will fully recoup their investment, and more"), “company struggled to find an effective use-case or business model for its consumer product”. “Microsoft is not buying any assets, only hiring workers” Not a big... [image] Sheel Mohnot / @pitdesi : Microsoft is making the Inflection shareholders whole via a licensing deal... and they still keep their shares in Inflection, which is an ongoing concern. This whole thing is a regulation dodge to get around the sad state of M&A at the moment. [image] Marc Andreessen / @pmarca : 1) What Amir Efrati / @amir : The Microsoft-Inflection deal is pretty, pretty strange. https://www.theinformation.com/ ... [image] Alex Konrad / @alexrkonrad : @amir when we first reported this earlier today, our understanding was that this won't happen immediately, but as a potential outcome over time, too Rat King / @mikeisaac : lot of face-saving and “we dont want to look like the bad guys” details leaking out in the past few hours what a weird situation all around Enrique Moctezuma / @mindthelongterm : Greylock got the bag back and is reloaded. Shirin Ghaffary / @shiringhaffary : New details from me on the state of Inflection: -The company will keep its proprietary tech -Licensing its model to MSFT, potentially others as it shifts to B2B biz -Investors will be made whole, according to a source https://www.bloomberg.com/...