OpenAI co-founder Ilya Sutskever's new safety-focused AI startup SSI raises $1B

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OpenAI co-founder Ilya Sutskever's new safety-focused AI startup SSI raises $1B
Artificial IntelligenceOpenaiSam Altman
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SSI, which currently has 10 employees, plans to use the funds to acquire computing power and hire top talent.

Safe Superintelligence , newly co-founded by OpenAI’s former chief scientist Ilya Sutskever, has raised $1 billion in cash to help develop safe artificial intelligence systems that far surpass human capabilities, company executives told Reuters.

That’s despite a general waning in interest towards funding such companies which can be unprofitable for some time, and which has caused several startup founders to leave their posts for tech giants. “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,” Gross said in an interview.Elon Musk, investors lost more than $24B on X acquisition: report

Sutskever said his new venture made sense because he “identified a mountain that’s a bit different from what I was working on.”Last year, he was a part of the board of OpenAI’s non-profit parent which voted to oust OpenAI CEO Sam Altman over a “breakdown of communications.” After Sutskever’s departure, the company dismantled his “Superalignment” team, which worked to ensure AI stays aligned with human values to prepare for a day when AI exceeds human intelligence.

SSI says it plans to partner with cloud providers and chip companies to fund its computing power needs but hasn’t yet decided which firms it will work with. AI startups often work with companies such as Microsoft and Nvidia to address their infrastructure needs.The company said it plans to partner with cloud providers and chip companies, but hasn’t yet decided which firms in particular.

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