Safe Superintelligence, an AI enterprise established by Ilya Sutskever, the former chief scientist of OpenAI, is on the verge of securing over $1 billion in funding. This fundraising effort aims to value the company at $30 billion, significantly higher than previous projections from just weeks ago.
Funding Details and Valuation
According to Bloomberg, Greenoaks Capital Partners is spearheading this funding round, proposing to contribute $500 million. If finalized as planned, this investment will elevate the total capital raised by Safe Superintelligence to approximately $2 billion.
Background of Safe Superintelligence
Sutskever has garnered significant respect in the realms of artificial intelligence and technology. He played a pivotal role in transformative AI developments during his tenure at OpenAI, including the foundational elements that facilitated the creation of ChatGPT.
Founding Team and Strategic Vision
The founding team of Safe Superintelligence includes other notable figures, such as former OpenAI researcher Daniel Levy and Daniel Gross, who previously led AI projects at Apple. Currently, the company is not operationally generating revenue and does not have plans to sell AI products in the foreseeable future.
Investment Background
Safe Superintelligence has successfully attracted investment from prominent firms, including Sequoia Capital, Andreessen Horowitz, and DST Global. The continuous interest from major venture capitalists underscores a strong belief in the growth potential and innovative capacity of the startup.
