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An AI business co-founded by OpenAI Raises $1 Billion

Ilya Sutskever, a former chief scientist and co-founder of OpenAI, is one of the founders of Safe Superintelligence (SSI), a new AI business that has raised $1 billion in capital. SSI stated that it wants to create "safe AI systems that far surpass human capabilities" in a Reuters interview.

Ilya Sutskever, a former chief scientist and co-founder of OpenAI, is one of the founders of Safe Superintelligence, a new AI business that has raised $1 billion in capital. SSI stated that it wants to create “safe AI systems that far surpass human capabilities” in a Reuters interview.

With ten employees at the moment, SSI intends to use the money to hire top personnel and purchase processing capacity. Its main goal will be to assemble a small, dependable staff of engineers and researchers who will be divided between Tel Aviv, Israel, and Palo Alto, California.

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Although the corporation refused to disclose its valuation, those with knowledge of the situation claimed it was worth $5 billion. Leading venture capital firms Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel were among the investors. NFDG, an investment partnership led by Daniel Gross, the chief executive of SSI, and Nat Friedman, also took part.

Sutskever, 37, is regarded as one of the leading AI technologists. Along with Daniel Levy, a former OpenAI researcher, and Gross, who oversaw AI programs at Apple, he co-founded SSI in June. Levy is the principal scientist and Sutskever is the head scientist; Gross is in charge of fundraising and computer power.

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Sutskever believed his new venture made sense because he “identified a mountain that’s a bit different from what I was working on.”

Sutskever was on OpenAI’s non-profit parent board that decided to fire CEO Sam Altman last year for a “breakdown of communications.” Within days, he reversed his decision and signed a letter demanding Altman’s return and the board’s resignation with nearly all OpenAI staff. His OpenAI role declined after the course of events. May saw his board removal and company departure.

About OpenAI

San Francisco-based OpenAI was created in December 2015 to investigate artificial intelligence.

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