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Ilya Sutskever's startup in talks to fundraise at roughly $20B valuation
- returnInfinity 2y agoIlya can charm any VC with a single word. "AI"
- doctorpangloss 2y ago“The way I will repent for ruining school via chatbot cheating is by making an even cheatier chatbot.” In case anyone is wondering what this company does.
- HeatrayEnjoyer 2y agoWhere is that quote from?
- hotsauceror 2y agoIf I had to guess, Bender from Futurama.
- zb3 2y agoWhat does the company do (besides raising money)?
- bigiain 2y agoI suspect like most (or all>) "AI" startups, it's two key areas of expertise are raising huge piles of money, and setting huge piles of money on fire. (The members of KLF need to start an AI fundraising round . "We have a proven track record of effectively using cash reserves in industry leading ways, being thought leaders in the "burn cash" space since 1994.")
- iainctduncan 2y agoOMG yes. Where are they when we need them? Someone light the KLF light.
- StressedDev 2y agoIlya Sutskever was one the main people at Open AI. The article says the company's name is "Safe Superintelligence" and also says its an AI startup. The company will not tell us more until it has a product which is ready for the public.
- aqueueaqueue 2y agoIt makes us safe by escrowing VC money that would otherwise go into OpenAI?
- hotsauceror 2y agoHe's a honeypot for people with more money than sense. Not bad work if you can get it.
- jonincanada 2y agoIf he's thinking of setting up somewhere in a place he's lived before -- he may want to consider more neutral Canada vs Israel. [Ilya Sutskever’s Safe Superintelligence expands in Tel Aviv] https://www.calcalistech.com/ctechnews/article/rk3schwk1x https://www.calcalistech.com/ctechnews/article/rk3schwk1x
- doctorpangloss 2y agoThe company is Diamond Age style education through AI. The product is supposed to be a vague Young Lady’s Primer but using adult Apple design minimalist language.
- Rodeoclash 2y agoI'd rather "listen to reason"
- jdlshore 2y agoOne of the interesting things about The Diamond Age is that it's a story about the importance of personal connection even when interacting with an apparent AI. In the story, three people get a copy of The Young Lady's Illustrated Primer, the AI storybook and teacher. Nell, our protagonist, and two neo-Victorian girls, Fiona and Elizabeth. Nell's Primer is voiced by Miranda, an actress. She becomes attached to Nell and ends up becoming a sort of surrogate mother to Nell, but only by voicing lines through the Primer. Nell experiences a number of adventures, but ends up as a strong, independent young woman... a "good" ending. Fiona is from a middle-class neo-Victorian family. Her father ends up in a weird drug cult, but somehow ends up voicing Fiona's primer. When she grows up, Fiona joins her father in a surrealistic acting troupe... a "medium" ending. Elizabeth is from a very wealthy neo-Victorian family. Her Primer is random actors. They don't form a connection. Elizabeth rebels and runs away to join a criminal gang (of sorts)... a "bad" ending. It seems obvious that people will form "personal" connections with LLMs. I've already heard a few stories about people forming attachments to AI avatars. I think it's part of the human psyche, just like pareidolia. I keep thinking back to this theme of The Diamand Age and wondering if those AI-driven connections will also lead to stunted emotional growth and bad ends.
- drumhead 2y agoIt takes a competitor to Openai off the market. Football teams in Europe would by up a good player not because they needed him, but just so that none of their rivals could buy him.
- votick 2y agoThis seems completely reasonable pre revenue and I’ve no doubt they make an ai app that 1000x’s everyone’s investment using the best ai technology and algorithms and maybe even some better data. hard to know tho for sure sometimes they lose money sometimes they won’t lose money but ai big and I think ai stay big so more ai
- frozenport 2y agoThis investment makes no sense because ai is supposed to take us into a post scarcity society?
- pockmarked19 2y agoIt’s going to take Ilya there for sure.
- leosanchez 2y agoCould you explain more ? I was never able to understand this argument. I can understand AI might reduce the labor costs in the future. What about finite resources like minerals ?
- aqueueaqueue 2y agoWell imagine a robot that goes to work for you everything else being equal
- aqueueaqueue 2y ago[flagged]
- Gud 2y agoWhat kind of AI movies did you grow up watching? Personally I'll never forget the robot foot crushing a human skull. https://www.youtube.com/watch?v=DHKxoARmjLU https://www.youtube.com/watch?v=DHKxoARmjLU
- jsheard 2y agoPut this guy in charge of a VC firm, stat.
- aqueueaqueue 2y agoAh VC money. That'll stop those meddling Altman types.
- rvz 2y agoThe crash will be even bigger with these completely ludicrous valuations no matter the person involved. Rather than focus on such valuations, you should instead expect the unexpected.
- deterministic 2y agoI recently sold a single share for $1 which valuates my business at roughly $20B given that I have 20B shares to sell. Let me know if you want to buy some of those shares. They are hot!
- ksec 2y agoDoes this actually work? I remember this is somehow not allowed in UK. But what about US?
- deterministic 2y agoIt was just a joke pointing out that evaluations are whatever you want it to be.
- duxup 2y ago> Little is known about Safe Superintelligence’s work. The company, which also counts ex-OpenAI researcher Daniel Levy and former Apple AI projects lead Daniel Gross among its founding team, has raised $1 billion so far. Existing investors include Sequoia Capital, Andreessen Horowitz, and DST Global. Has any of those investors…. Seen some product or something other than some names?
- buryat 2y agoEmotions removed, how large his equity stake would be if he had stayed at OpenAI?
- drumhead 2y agoI'd say this is a top of the market indicator if ever there was one. $20billion for the services of one man......
- buyucu 2y agoIlya is basically selling his name. Safe has no products or revenue to justify any valuation.
- snapcaster 2y agoHow does one come up with a valuation number for a company like this? I mean, why not 10b or 30b?
- disambiguation 2y agoRemembering magicleap...
- thrawa8387336 2y agoMight be worth it just so that the VCs don't have to get naked every time Sam demands it.