Apple and Nvidia in Talks to Invest in OpenAI, Valuation Could Exceed $100 Billion

- Safe Superintelligence (SSI), co-founded by Ilya Sutskever, has secured $1 billion in funding. - The funds will be used to acquire computing power and hire top talent. - SSI is valued at $5 billion and has 10 employees split between Palo Alto and Tel Aviv. - Investors include Andreessen Horowitz, Sequoia Capital, and DST Global. - Sutskever aims to develop safe AI systems that surpass human capabilities. Source: [Reuters](https://www.reuters.com/technology/artificial-intelligence/openai-co-founder-sutskevers-new-safety-focused-ai-startup-ssi-raises-1-billion-2024-09-04/)

- OpenAI reportedly discussing new funding round led by Thrive Capital - Potential valuation exceeds $100 billion, up from previous $86 billion - Thrive Capital expected to contribute $1 billion, Microsoft likely to participate - OpenAI's annualized revenue surpassed $3.4 billion early this year - Company projected to lose nearly $5 billion by year-end, having spent $8.5 billion on AI development Source: [Techcrunch](https://techcrunch.com/2024/08/28/openai-reportedly-in-talks-to-close-new-funding-round-at-100b-valuation/)

https://www.theverge.com/2024/2/15/24074151/openai-sora-text-to-video-ai

- Microsoft and Apple have decided not to take board roles at OpenAI, highlighting growing regulatory concerns over Big Tech's influence on AI. - Microsoft, which invested $13 billion in OpenAI, will withdraw from the board, citing confidence in the company's direction and deeming their observer role unnecessary. - European and US regulators have expressed concerns about Microsoft's influence over OpenAI, prompting investigations into potential dominance and antitrust issues. - The UK is also scrutinizing Amazon's $4 billion collaboration with AI company Anthropic, while the US probes Nvidia's dominance in AI chips. - OpenAI will continue to engage with stakeholders through regular meetings to ensure collaboration on safety and security, following its transition from a nonprofit to a for-profit entity.

- OpenAI is aiming to raise at least $5bn at a $150bn valuation from investors like Apple, Nvidia, Microsoft, and Thrive Capital. - The San Francisco-based AI start-up is in talks with investors to fund its ambitious AI model development plans. - Thrive Capital, led by Josh Kushner, is expected to invest $1bn in this round. - The total fundraising could exceed $6.5bn, with Microsoft already having committed $13bn to OpenAI. - Despite rapid growth and $2bn in annual revenue, OpenAI remains lossmaking due to high development costs and increasing competition. Source: [Financial Times](https://www.ft.com/content/dde0855e-4543-4d3a-8ff5-e6fb3c3ff305)

Tight slap to AI nihilists. 👋🏻

xAI rival of open ai chatgpt and Google bard...Have hired ex-engineers of Google deepmind, open ai, Microsoft..What's your views?