Analysis
Three-month-old AI firm with 10 employees and no product raises $US1b
Paul SmithTechnology editor
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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