Secure Superintelligence, an AI startup based by former OpenAI chief scientist Ilya Sutskever, may very well be near elevating greater than $1 billion at a $30 billion valuation — a better valuation than reported simply weeks in the past.
Bloomberg reports that VC agency Greenoaks Capital Companions is main the deal and pledging to take a position half a billion {dollars}. Ought to the phrases of the spherical not change, the fundraising would convey Secure Superintelligence’s whole raised to roughly $2 billion.
Sutskever is extensively revered within the AI — and wider tech — trade. He’s credited with contributing to main AI breakthroughs whereas at OpenAI, together with the technical strategy that made ChatGPT’s improvement doable.
Secure Superintelligence, which additionally counts ex-OpenAI researcher Daniel Levy and former Apple AI initiatives lead Daniel Gross amongst its founding crew, has raised cash from Sequoia Capital, Andreessen Horowitz, and DST International. It isn’t producing income but, and doesn’t intend to promote AI merchandise within the close to future.