Safe Superintelligence Secures $1B to Transform AI

Published Date: 5/09/2024

Safe Superintelligence, co-founded by OpenAI's Ilya Sutskever, has secured $1 billion in funding to develop safe artificial intelligence systems that surpass human capabilities.

In a significant development, Safe Superintelligence (SSI), a new AI start-up co-founded by OpenAI's Ilya Sutskever, has raised a staggering $1 billion in funding. According to a Reuters report, the company will utilize this investment to develop safe artificial intelligence systems that will surpass human capabilities.

  The funding round, which was led by prominent investors such as Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel, values the company at a whopping $5 billion. The funds will also be used to hire top talent and establish a team of trusted engineers and researchers in key locations like Palo Alto, California, and Tel Aviv, Israel.

  Safe Superintelligence was founded in June this year by Ilya Sutskever, Daniel Gross, and Daniel Levy. Levy, a former OpenAI researcher, serves as the company's co-founder and optimization lead, while Gross, an entrepreneur, is the technology strategist. Gross has also co-founded another AI start-up, Cue, which was later acquired by Apple.

  Ilya Sutskever, the co-founder of OpenAI, left the company in May this year to start his own AI venture. Following his resignation, he expressed his confidence in OpenAI's ability to build safe and beneficial AGI (Artificial General Intelligence).

  The leadership issue at OpenAI, which led to Sutskever's departure, was reportedly due to differences in focus. While Sutskever was focusing on AI safety, others, including CEO Sam Altman, were more focused on developing new technologies.

  Safe Superintelligence's primary goal is to create 'superintelligence', which refers to AI that surpasses human intelligence. The company's singular focus on advancing AI means that it will not be distracted by management overhead or product cycles, and its business model ensures that safety, security, and progress are insulated from short-term commercial pressures.

  The funding of this start-up comes at a time when there has been a surge in AI start-up funding. From April to June, investment in AI start-ups reportedly increased to $24 billion, more than double the previous quarter. This trend is expected to continue, with AI start-ups receiving a total of $35.6 billion in funding in the first half of this year, a 24% increase from the same period last year.

  About Safe Superintelligence  Safe Superintelligence is an AI start-up co-founded by Ilya Sutskever, Daniel Gross, and Daniel Levy. The company's primary goal is to create safe artificial intelligence systems that surpass human capabilities.

  About OpenAI  OpenAI is a leading AI research organization that aims to develop and promote friendly AI that benefits humanity.

  About Andreessen Horowitz  Andreessen Horowitz is a prominent venture capital firm that invests in technology start-ups, including AI and machine learning companies.

  About Sequoia Capital  Sequoia Capital is a leading venture capital firm that invests in technology start-ups, including AI and machine learning companies.

  About DST Global  DST Global is a venture capital firm that invests in technology start-ups, including AI and machine learning companies.

  About SV Angel  SV Angel is a venture capital firm that invests in technology start-ups, including AI and machine learning companies.

FAQS:

Q  What is Safe Superintelligence?

  A  Safe Superintelligence is an AI start-up co-founded by Ilya Sutskever, Daniel Gross, and Daniel Levy. The company's primary goal is to create safe artificial intelligence systems that surpass human capabilities.

  Q  How much funding did Safe Superintelligence raise?

  A  Safe Superintelligence raised $1 billion in funding, valuing the company at $5 billion.

  Q  What will the funding be used for?

  A  The funding will be used to develop safe artificial intelligence systems, hire top talent, and establish a team of trusted engineers and researchers.

  Q  Who are the investors in Safe Superintelligence?

  A  The investors in Safe Superintelligence include Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel.

  Q  What is the significance of this funding round?

  A  This funding round is significant because it highlights the growing interest in AI start-ups and the importance of developing safe and beneficial artificial intelligence systems."

More Topics :