Ineffable Intelligence, an AI startup founded by former core researchers from Google's DeepMind, has officially announced the completion of a $1.1 billion seed funding round. The company, which focuses on superintelligence R&D, achieved the largest seed round in European history, reaching a post-money valuation of $51 billion just months after its inception.
The financing round was co-led by U.S. venture capital firms Sequoia Capital and Lightspeed Venture Partners. Other participating investors include NVIDIA, DST Global, Index Ventures, Google, and the UK National AI Sovereign Fund.
In related news, a CITIC Securities research report highlights OpenAI's GPT-5.5 and DeepSeek's DeepSeek-V4 preview, both emphasizing extreme compression of inference costs. The report suggests that while per-transaction costs decrease, this could trigger an exponential increase in token consumption rather than a peak in computing demand. Consequently, it maintains a positive long-term outlook for the explosion of AI applications, the North American computing power industry chain, and domestic AI computing innovators.