Tech and AIReport: Ilya Sutskever's startup in talks to fundraise at...

Report: Ilya Sutskever’s startup in talks to fundraise at roughly $20B valuation

-


Safe Superintelligence, the AI startup founded by former OpenAI chief scientist Ilya Sutskever, is in talks to raise funding at a valuation of “at least” $20 billion, according to Reuters.

It’s not clear how much Safe Superintelligence — which has yet to generate any revenue — is looking to secure, but it could be substantial. The new figure is 4x the $5 billion valuation the company held last September.

Little is known about Safe Superintelligence’s work. The company, which also counts ex-OpenAI researcher Daniel Levy and former Apple AI projects lead Daniel Gross among its founding team, has raised $1 billion so far. Existing investors include Sequoia Capital, Andreessen Horowitz, and DST Global.

Sutskever is widely respected in the AI — and wider tech — industry. He’s credited with contributing to major AI breakthroughs while at OpenAI, including the technical approach that made ChatGPT’s development possible.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

EigenLayer X hackers who likely stole $800K now posting dog pics

The hacked EigenLayer X account likely caused the loss of $800,000 from one victim, according to security analysts. Source...

Bitcoin held its ground, altcoins saw rough start to 205

Bitcoin remained resilient during the latest...

Advertisement

Trader Says One Top-50 Altcoin Could Explode 500% This Year, Updates Outlook on Bitcoin and Ethereum

Analyst and trader Michaël van de Poppe is flipping bullish on one layer-1 protocol following a massive correction. Van...

Do Kwon extradition delayed again by Montenegro Constitutional Court

Montenegro’s Constitutional Court has suspended the Supreme Court ruling that left the Justice Minister to decide on Do...

Must read

You might also likeRELATED
Recommended to you