Start-up building self-learning AI raises record $1.1B seed
Ineffable Intelligence, a start-up founded by David Silver, has raised $1.1 billion in seed funding to develop a self-learning AI model. The investment values the company at $5.1 billion and is backed by venture capital firms Sequoia and Lightspeed, among others.
Ineffable Intelligence, founded by David Silver, a former lead researcher at Google's DeepMind, has raised $1.1 billion in seed funding. The round was co-led by US venture capital firms Sequoia and Lightspeed, with participation from NVIDIA, DST Global, and Google. The investment values the company at $5.1 billion. Ineffable Intelligence aims to create a 'superlearner,' an AI model that learns from its own experiences rather than relying on human data. The company's goal is to 'transcend the greatest inventions in human history.' The UK's Science and Technology Secretary, Liz Kendall, expressed support for the investment, citing its potential to transform entire sectors.
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