Inflection AI Inc. has acquired BoostKPI Inc. and Jelled.ai Inc., two startups that sell artificial intelligence tools for enterprises.
The company disclosed the deals today but didn’t disclose acquisition prices.
Inflection AI launched in 2022 and raised $1.3 billion from investors the following year. Originally, it focused on developing a ChatGPT alternative called Pi that ran on an internally trained large language model. Last year, most of Inflection AI’s employees joined Microsoft Corp. in a $625 million deal and the company pivoted to building customized AI models for enterprises.
Sean White, the startup’s chief executive, provided an update about its product roadmap today. He told TechCrunch Inflection AI isn’t focused on developing the kind of cutting-edge LLMs that require billions of dollars’ worth of graphics cards to train. Instead, the company will seek to build an “enterprise layer” that can help companies apply AI in their business operations.
The two startup acquisitions that Inflection AI announced today could support that effort.
BoostAPI develops a chatbot, Ada, that allows users to perform data science tasks with natural language prompts. A marketer could upload an ad performance dataset and ask the service to find the most cost-efficient campaigns. Financial professionals, in turn, can use Ada to analyze their company’s business performance.
The chatbot can structure its output as a natural language response or in the form of a heatmap. A heatmap is a graph that visualizes information in a grid of rectangles, which makes it easier to review complex data. BoostKPI can optionally generate alerts when it identifies a data point of particular interest.
Inflection AI will use the startup’s technology to enhance its recently introduced Inflection for Enterprise platform. The offering provides customers with an access to an LLM, Inflection 3.0, that is fine-tuned on their datasets. The model is available in two versions: one that is optimized to power chatbots and another that can follow user instructions with a high degree of precision.
Inflection for Enterprise customers may access Inflection 3.0 in two ways. They can run the model in the cloud or deploy it on-premises as part of an appliance powered by Intel Corp.’s Gaudi 3 machine learning accelerators.
Jelled.ai offers an AI-powered email inbox assistant. The tool uses an LLM to automatically draft messages. It can also summarize incoming emails, organize them by category, filter promotions and perform several related tasks. “Bringing these teams together means we can build a more powerful AI system that meets the needs of every enterprise and use case,” White said.
The acquisitions come about a month after Inflection AI bought Boundaryless, a Swiss company that helps enterprises implement robotic process automation tools. Around the same time, the AI provider integrated Inflection for Enterprise with UiPath Inc.’s popular RPA platform.
Image: Inflection AI
Your vote of support is important to us and it helps us keep the content FREE.
One click below supports our mission to provide free, deep, and relevant content.
Join our community on YouTube
Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.
“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy
THANK YOU
