, Inflection AI co-founder and CEO Mustafa Suleyman and co-founder Reid Hoffman leaned into the hype surrounding artificial intelligence.Why it matters:
Companies at the forefront of developing large language models have been experimenting with the structures of their corporate entities and cap tables. OpenAI, for example, began as a nonprofit and eventually set up a for-profit arm with a complex structure that caps the profits its investors can recoup.
Inflection AI is a for-profit company. But it's also set up as a public benefit corporation, which means it has societal benefits as part of its corporate goals. Anthropic AI is also set up as such.: "Scale matters, and this is a moment — this is one of the most creative moments in the history of Silicon Valley," Suleyman said.
"I care about speed and scale, like Reid , and so doing a start-up with … a huge amount of resources, and one of the strongest teams in the world … so that concentration of talent with resources — we're only 45 people at the moment — so you know it's just very exciting and fun," he added.Hoffman emphasized that Inflection AI's goal to build quality tech while having a positive impact on humans and society "sits there above the … profitability metrics.