Ilya Sutskever's SSI Startup Raises $1 Billion in Investments

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Raising Investments
  2. Attracting New Talent
  3. Competing with Industry Leaders


    4. Ilya Sutskever's startup Safe Superintelligence (SSI) has raised $1 billion to develop safe AI models and expand its business.

    Raising Investments

    The startup founded by Ilya Sutskever has raised $1 billion from investors to expand its activities, including building safe AI models. The three-month-old business currently has no product but is valued at about $5 billion. Among the investors are some of the biggest venture capitalists in Silicon Valley, including Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel NFDG.

    Attracting New Talent

    The startup plans to invest the raised funds in computational resources to develop its models and attract highly skilled talent necessary to build the business and compete in the AI sector. The team will consist of researchers and engineers based in California, Palo Alto, and Tel Aviv, Israel. Ilya Sutskever, who was previously the chief scientist at OpenAI, co-founded SSI in June this year with another former OpenAI staffer and researcher Daniel Levy, and Apple’s former lead and Cue co-founder Daniel Gross.

    Competing with Industry Leaders

    SSI is building cutting-edge AI models aimed at competing with already established companies, including Sutskever’s former employer OpenAI, Elon Musk’s xAI, and Anthropic. Competition in the AI sector is intensifying, and companies are constantly upgrading their models and launching new products. OpenAI is reportedly in negotiations with investors to raise billions of dollars at a valuation of more than $100 billion, while peers Anthropic and xAI were valued at nearly $20 billion each in funding rounds earlier this year. SSI aims to create a safe superintelligence system and plans to focus on research and development over the next few years before bringing the product to market.

    Ilya Sutskever's startup SSI has secured significant investments to develop safe AI models. Amidst increasing competition, the company will focus on attracting top talent and developing advanced technologies.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.