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OpenAI Co-Founder Raises $1B at $30B Valuation

  • Ilya Sutskever, OpenAI co-founder, is fundraising over $1 billion for his startup, Safe Superintelligence, at a $30 billion-plus valuation. Greenoaks Capital Partners leads the deal with a $500 million investment.
  • This valuation leap from $5 billion marks a significant milestone, with previous investors including Sequoia Capital and Andreessen Horowitz.
  • SSI aims to develop safe AI systems, with no immediate revenue generation plans. Sutskever emphasizes focus on safe superintelligence, free from competitive pressures.

Source: Bloomberg

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Ilya's new startup!

Ilya Sutskever, OpenAI’s former chief scientist, is launching Safe Superintelligence Inc., an AI startup “prioritizing safety over commercial pressures”.

What’s SSI? Safe Superintelligence Inc. (SSI) aims to create a safe and powerful...

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Very likely Elon would fund him - he’s a huge Ilya fanboy