Former OpenAI Co-Founder Sutskever's SSI In Talks To Be Valued At $20 Billion

Safe Superintelligence, an artificial intelligence startup co-founded by OpenAI's former chief scientist Ilya Sutskever last year, is in talks to raise funding at a valuation of at least $20 billion, four sources told Reuters.That would quadruple the company's $5 billion valuation from its last funding round in September, when it raised $1 billion from five investors including Sequoia Capital, Andreessen Horowitz, and DST Global. SSI's fundraising tests the ability of high-profile AI ventures to continue to command premium valuations following an industry-wide reappraisal prompted by Chinese startup DeepSeek's unveiling of its low-cost AI last month.SSI, which has not generated any revenue, has said its mission is to develop safe superintelligence that is smarter than humans while aligned with human interests.Bruce Burke Participating In Forbes Entrepreneur Of Impact CompetitionVOTING IS NOW OPEN - I HAVE TO ASK - PLEASE VOTE FOR BRUCE BURKEExciting News! Neural News Network editor Bruce Burke has been selected to participate in the Entrepreneur of Impact competition. One visionary winner will be featured in Forbes, receive $25,000, and have a one-on-one mentoring session with the Shark Tank's own Daymond John. Please vote for your Neural News Network editor!CLICK HERE TO VOTE FOR BRUCE BURKE IN ENTREPRENEUR OF IMPACTI'm proposing building an AI-powered, fully automated news and information organization that creates news articles, videos, podcasts, deep dives, special reports, white papers, and more — focused on the ever-expanding world of AI.I’m currently in 12th place, I have advanced to the top 15 with only five days to go!I would appreciate your vote and will be posting again when voting starts. I have setup my profile that outlines my proposal linked below. PLESE VOTE TODAY!CLICK HERE TO VOTE FOR BRUCE BURKE IN ENTREPRENEUR OF IMPACTThe company's conversations with existing and new investors are still in the early stages and terms could still change, the sources said this week, who requested anonymity to discuss private matters. It was not clear how much money SSI was seeking to raise.SSI, which was founded in June with offices in Palo Alto and Tel Aviv, did not respond to requests for comment. Sutskever's co-founders are Daniel Gross, who previously led AI initiatives at Apple, and Daniel Levy, a former OpenAI researcher.Beyond the cursory explanation of the company's goals for safe AI, not much is known about the secretive startup or its work. What has fueled interest among investors is Sutskever's reputation and the novel approach he has said his team is working on. In AI circles, he is a legend for his contributions to breakthroughs that underpin the investment frenzy in generative AI.More on Safe Superintelligence’s funding efforts on ReutersPlease support our podcast sponsor, Moving On IT | Tomorrow’s Technology, TodayI’ve partnered with Moving On IT, your authorized partner for navigating the complex landscape of today’s technology. Moving On IT specializes in providing cutting-edge hardware, software, and cybersecurity solutions tailored to your needs.From robust IT infrastructure to advanced Al applications, Moving On IT empowers businesses to thrive in the digital age. Contact Moving on IT with all your IT, AI and Cybersecurity requirements. Call +1 (727) 490-9418, or email: [email protected] out Moving On IT’s new press release on Cybersecurity Dive | CLICK HERE Get full access to Neural News Network at remunerationlabs.substack.com/subscribe