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OpenAI Co-founder Sutskever’s Startup SSI Raises $1 Billion, Valued at $5 Billion

Sep 4, 2024, 01:14 PM

OpenAI co-founder Ilya Sutskever's new AI startup, Safe Superintelligence (SSI), has raised $1 billion to develop safe AI systems. The three-month-old company, based in San Francisco and New York, is valued at $5 billion following the fundraising. The funds, sourced from venture capital firms including Andreessen Horowitz (A16z) and Sequoia Capital, will be used to acquire computing power and hire top talent. SSI, which currently has 10 employees, plans to focus on building a small, trusted team with 'good character.'