Ineffable Intelligence, a new artificial intelligence startup, is reportedly in the process of raising $1 billion in a funding round. The company is led by David Silver, a principal research scientist formerly with Google DeepMind.
Sources indicate that Sequoia Capital is spearheading the investment, with potential contributions from Alphabet Inc., Nvidia Corp., and Microsoft Corp. The funding round is expected to value Ineffable Intelligence at $4 billion.
The London-based startup, founded last November, has not yet released a product. Silver, who departed DeepMind around the same time, previously led the development of advanced reinforcement learning technologies for major AI projects.
Silver was instrumental in projects like AlphaGo, which famously beat the world's top Go player, and its successor AlphaZero, capable of playing chess and shogi. These models utilized reinforcement learning, a technique that trains AI through trial and error, with models improving based on feedback from responses to prompts.
While Ineffable Intelligence's specific reinforcement learning strategies and target applications remain undisclosed, reported interest from tech giants like Google and Microsoft suggests its future offerings may not directly compete with their existing products. The significant funding aims to propel research and development in the competitive AI landscape.