Ineffable Intelligence raised $1.1 billion in a seed funding round. The investment values the UK-based AI startup at $5.1 billion. Sequoia Capital and Lightspeed Venture Partners co-led the round. Nvidia and Google also participated in the financing. This transaction represents the largest seed round in European history.
Former DeepMind lead researcher David Silver founded the company. Silver previously led the development of the AlphaGo program. The startup is developing a superlearner AI based on reinforcement learning. This technology discovers knowledge through trial-and-error rather than human-generated data. The venture aims to compete with major AI players to achieve superintelligence.