Inflection AI raises $1.3B, Shein reportedly files for US IPO

Forbes sources: Inflection AI raised $1.3B at a $4B valuation in a round led by Microsoft, Nvidia, Reid Hoffman, Bill Gates, and Eric Schmidt; Inflection is installing 22K Nvidia H100s, which it believes will be the world’s largest AI-specific GPU cluster - Link

Reuters sources: Shein, the China-based fast-fashion retailer valued at $60B+, registered with the SEC for a US IPO, potentially coming in 2023; Shein has denied this report - Link

FT sources: Twitter CEO Linda Yaccarino is preparing to launch full-screen video ads with sound, which will be shown in Twitter's new short-video feed - Link

Celestial AI, a startup building optical interconnect technology for operations such as on-chip data transmission, raised a $100M Series B - Link

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Perplexity AI's Aravind Srinivas joins Jason to discuss competing with the major players in the generative search / AI chatbot market (1:25), designing an AI-powered search engine (4:49), and much more. - Link

Microsoft CEO Satya Nadella testified in federal court to advocate for the $70B acquisition of Activision Blizzard, promising not to limit game access despite anticompetitive regulatory concerns - Link

Oracle announced it would spend billions on Nvidia GPUs and even more on CPUs from Ampere Computing and AMD this year to boost its cloud division's AI capabilities - Link

Stable Diffusion-maker Stability AI reportedly raised ~$25M through a convertible note after trying and failing to raise at a $4B valuation - Link

Pokémon Go-maker Niantic cut 230 employees, canceled its upcoming Marvel game, and will close its LA-based studio to rein in costs - Link

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E1767: Titan tragedy, Meta removes news in Canada + Elizabeth Yin at Angel Summit

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