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Inflection seeks up to $675mn as funding for AI groups heats up

DeepMind co-founder Mustafa Suleyman and LinkedIn Creator Reid Hoffman’s start-up is building a personal assistant for the web

A year-old artificial intelligence start-up set up by one of DeepMind’s co-founders is in discussions to raise up to $675mn, as the growing hype around generative AI drives a surge of investor interest.

Inflection AI, founded by Mustafa Suleyman and LinkedIn creator Reid Hoffman, is among a group of AI start-ups that are racing to build sophisticated computer programs that can write scripts and create art in seconds.

The group, which has yet to release a product, is in talks to raise two to three times the size of first funding round worth $225mn last year, according to people with knowledge of the discussions.

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