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Three-month-old AI firm with 10 employees and no product raises $US1b

Paul Smith
Paul SmithTechnology editor
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For all the talk of the artificial intelligence investment bubble deflating, a billion-dollar investment in a new company started by one of the co-founders of ChatGPT maker OpenAI suggests there is plenty of air left in it yet.

Ilya Sutskever’s company Safe Superintelligence (SSI) raised $US1 billion ($1.5 billion) from a gaggle of venture capital firms just three months after he started it.

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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
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    Original URL: https://www.afr.com/technology/three-month-old-ai-firm-with-10-employees-and-no-product-raises-us1b-20240905-p5k81f