Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump dishes on Milley clash over leaving military...
TikToker knocks Harris’ ‘weird’ take on never released...
‘Who wouldn’t want it?’: Netanyahu open to receiving...
Supreme Court lets Trump’s ‘wrecking ball’ federal job...
Biden’s strange use of teleprompter in donor’s home...
Tariff case pits Cato Institute against Trump over...
GREGG JARRETT: CIA report makes it clear Trump...
State Department investigating Rubio AI impersonator who contacted...
DOJ lands legal victory as federal judge allows...
Senate Republican moves to give US an edge...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Ex-OpenAI Leader Raises US$1 Billion for Safety-focused AI Startup

by admin September 10, 2024
September 10, 2024
Ex-OpenAI Leader Raises US$1 Billion for Safety-focused AI Startup

Safe Superintelligence (SSI), a startup co-founded by former OpenAI Chief Scientist Ilya Sutskever, has secured US$1 billion in seed funding to develop advanced artificial intelligence (AI) systems focused on safety.

Reuters reported that the funding round, led by venture capital firms Andreessen Horowitz, Sequoia Capital, DST Global and SV Angel, has raised the value of the three month old company to an estimated US$5 billion.

The funds will be used to acquire computing power and recruit top engineering and research talent. Currently, SSI has 10 employees and operates out of offices in Palo Alto, California, and Tel Aviv, Israel.

SSI’s mission is to create safe super-intelligent AI systems that won’t cause harm to humans.

Aside from Sutskever, the fledgling company’s leadership team includes Daniel Gross, former head of AI initiatives at Apple (NASDAQ:AAPL), and Daniel Levy, previously a researcher at OpenAI. Levy serves as principal scientist at SSI, while Gross handles fundraising and computing infrastructure.

Gross emphasized that the company’s singular focus on long-term AI safety will allow it to operate without the pressure of immediate profitability. ‘It’s important for us to be surrounded by investors who understand, respect and support our mission, which is to make a straight shot to safe superintelligence and in particular to spend a couple of years doing R&D on our product before bringing it to market,’ he explained to Reuters on Wednesday (September 4).

Sutskever founded SSI after leaving OpenAI in May. He had played a key role in its alignment efforts, leading the ‘Superalignment’ team that was tasked with ensuring AI systems remained in line with human values.

He left after internal disagreements at OpenAI that saw CEO Sam Altman ousted and quickly reinstated. After Sutskever and fellow team leader Jan Leike’s exit, OpenAI disbanded the Superalignment team.

Despite a slowdown in AI investment due to concerns about long-term profitability, SSI’s successful funding round underscores the continued willingness of some investors to back projects led by well-known technologists.

One of SSI’s priorities is to hire a small, highly trusted team of engineers and researchers. Gross said the hiring process focuses not just on technical ability, but also on character and alignment with the company’s culture.

In addition to securing top talent, SSI expects to eventually secure partnerships with cloud service providers and chip manufacturers to address its computing needs. While the company has not yet provided specifics, major tech players like Microsoft (NASDAQ:MSFT) and NVIDIA (NASDAQ:NVDA) have historically supported AI infrastructure for similar ventures, providing the computing power necessary for large-scale AI development.

OpenAI is also in the midst of raising billions of dollars in a new funding round, with major investors such as Microsoft, NVIDIA and Apple reportedly in talks to invest in the AI giant.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Up to ~A$25 Million Capital Raise to Support Full Funding of HMW Phase 1
next post
Independents RFK Jr., Tulsi Gabbard to spin for Trump at debate, joining Vance and other Republicans

You may also like

BHP Activates Contingency Plan as Workers Strike at...

August 15, 2024

HyProMag USA Feasibility Study Demonstrates Robust Economics and...

November 26, 2024

Tech 5: US Lifts EDA Restrictions for China,...

July 6, 2025

Biden Admin Makes Big Angola Investment to Counter...

December 7, 2024

Argentina Lithium Applies to Extend Warrants

November 6, 2024

Deep-Sea Crisis: Can the ISA Regain Control of...

May 3, 2025

Astron, Energy Fuels Form Joint Venture for Donald...

September 28, 2024

Tech 5: CoreWeave IPO Falls Short, OpenAI Close...

March 30, 2025

Further High-Grade Gold Results Received from Cork Tree...

July 23, 2024

Inca Declares Takeover Offer for Stunalara Unconditional

March 27, 2025

Recent Posts

  • Trump dishes on Milley clash over leaving military equipment in Afghanistan: ‘I knew he was an idiot’
  • TikToker knocks Harris’ ‘weird’ take on never released interview: ‘Not good’
  • ‘Who wouldn’t want it?’: Netanyahu open to receiving stealth bombers, bunker-busters from US
  • Supreme Court lets Trump’s ‘wrecking ball’ federal job cuts proceed while legal fight continues
  • Biden’s strange use of teleprompter in donor’s home infuriated supporters, dashed expectations

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (818)
    • Investing (2,487)
    • Politics (3,085)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.