Safe Superintelligence raising more: Fintech companies need more revenue and cash flow than ever to defend prior valuations. #Artificial Intelligence foundation model companies, on the other hand? Not so much! SSI, the brainchild of former OpenAI chief scientist Ilya Sutskever is raising again, Reuters reports. At a lower valuation? Of course not. The company could see its worth quadruple to $20 billion — or more — despite having no revenue. When investors think that you are building a large piece of the future, the sky really is the limit. 

https://www.reuters.com/technology/openai-co-founder-sutskevers-ssi-talks-be-valued-20-bln-sources-say-2025-02-07/

Exclusive: OpenAI co-founder Sutskever's SSI in talks to be valued at $20 billion, sources say

Artificial Intelligence

Safe Superintelligence raising more: Fintech companies need more revenue and cash flow than ever to defend prior valuations. #Artificial Intelligence foundation model companies, on the other hand? Not so much! SSI, the brainchild of former OpenAI chief scientist Ilya Sutskever is raising again, Reuters reports. At a lower valuation? Of course not. The company could see its worth quadruple to $20 billion — or more — despite having no revenue. When investors think that you are building a large piece of the future, the sky really is the limit.   https://www.reuters.com/technology/openai-co-founder-sutskevers-ssi-talks-be-valued-20-bln-sources-say-2025-02-07/

Cyril

Safe Superintelligence Inc., the secretive artificial intelligence lab started by OpenAI co-founder Ilya Sutskever, has raised $2 billion in capital at a $32 billion valuation, including the investment, according to a person with direct knowledge of the company’s fundraising efforts.
Andreessen Horowitz and Lightspeed Venture Partners participated in the round. Greenoaks led the round, according to the same person.

https://the-decoder.com/openai-co-founder-sutskever-raises-2-billion-for-ai-startup-with-no-product/

Safe Superintelligence Inc., the secretive artificial intelligence lab started by OpenAI co-founder Ilya Sutskever, has raised $2 billion in capital at a $32 billion valuation, including the investment, according to a person with direct knowledge of the company’s fundraising efforts. Andreessen Horowitz and Lightspeed Venture Partners participated in the round. Greenoaks led the round, according to the same person.  https://the-decoder.com/openai-co-founder-sutskever-raises-2-billion-for-ai-startup-with-no-product/

Safe Superintelligence, the AI company co-founded by former OpenAI Chief Scientist Ilya Sutskever, has raised $2 billion in funding despite having no public product.

OpenAI co-founder Sutskever raises $2 billion for AI startup with no product

Bobby

Update: make that $30 Billion 🤯

Reminder, the company hasn’t released a product and its last valuation was $5 billion.

https://www.bloomberg.com/news/articles/2025-02-17/openai-co-founder-s-startup-is-fundraising-at-a-30-billion-plus-valuation?utm_campaign=%5BREBRAND%5D+%5BTI-AM%5D+Th&utm_content=1095&utm_medium=email&utm_source=cio&utm_term=124

Update: make that $30 Billion 🤯  Reminder, the company hasn’t released a product and its last valuation was $5 billion.  https://www.bloomberg.com/news/articles/2025-02-17/openai-co-founder-s-startup-is-fundraising-at-a-30-billion-plus-valuation?utm_campaign=%5BREBRAND%5D+%5BTI-AM%5D+Th&utm_content=1095&utm_medium=email&utm_source=cio&utm_term=124

OpenAI co-founder Ilya Sutskever is raising more than $1 billion for his startup at a valuation of over $30 billion, according to a person familiar with the matter — vaulting the nascent venture into the ranks of the world’s most valuable private technology companies.

OpenAI Co-Founder Sutskever’s Startup Is Fundraising at $30 Billion-Plus Valuation

Usually you have to release a product to be worth $20 billion. But you know... 🤦🏻‍♀️

Tasia

Speaking of the sky being the limit, OpenAI is also raising more money. SoftBank is on tap this time, with CNBC reporting that the AI foundation model company is “close to finalizing” a $40 billion investment from SoftBank. The new cash could value the firm at $300 billion, or a few dozen billion more than Palantir is worth today. 

https://www.cnbc.com/2025/02/07/softbank-set-to-invest-40-billion-in-openai-at-260-billion-valuation-sources-say.html

Speaking of the sky being the limit, OpenAI is also raising more money. SoftBank is on tap this time, with CNBC reporting that the AI foundation model company is “close to finalizing” a $40 billion investment from SoftBank. The new cash could value the firm at $300 billion, or a few dozen billion more than Palantir is worth today.   https://www.cnbc.com/2025/02/07/softbank-set-to-invest-40-billion-in-openai-at-260-billion-valuation-sources-say.html

Part of the funding is expected to be used for Stargate, the joint venture between SoftBank, OpenAI and Oracle announced by President Donald Trump.

Cyril

A group of likeminded people in Artificial Intelligence are talking about this.