Unnamed sources say that Microsoft is paying approximately $650 million in its deal with Inflection AI. $620 million was paid for non-exclusive licensing fees for Inflection's technology and $30 million was paid to get Inflection to agree not to sue over Microsoft's poaching. Inflection will pivot away from building a personalized AI chatbot to becoming an AI studio that helps other companies work with large language model AI. Microsoft has several reasons for needing a backup for OpenAI - for one, its deal with OpenAI is being scrutinized by the FTC.
Friday, March 22, 2024Inflection AI has unveiled a new leadership led by co-founder Reid Hoffman. Hoffman claims that the startup has 18 months of runway left and that it will double down on building emotional intelligence within AI.