Ilya Sutskever's SSI Inc raises $1B • Hacker News Board

Re: Ilya Sutskever's SSI Inc raises $1B

#11

Post by siva7 » Wed, Sep 04, 2024, 2:07 PM UTC

RcouF1uZ4gsC wrote: post #4

I think this is actually a signal that the AI hype is dissipating. These numbers and the valuation are indicative that people consider this a potentially valuable tool, but not world changing and disruptive. I think this is a pretty reasonable take.

Tell me you don't understand what those numbers mean without telling me you don't understand..

Re: Ilya Sutskever's SSI Inc raises $1B

#12

Post by samvher » Wed, Sep 04, 2024, 2:08 PM UTC

ramraj07 wrote: post #2

Getting funded by a16z is if anything a sign that the field is not hot anymore.

Why do you say that? I feel out of the loop

Re: Ilya Sutskever's SSI Inc raises $1B

#13

Post by paxys » Wed, Sep 04, 2024, 2:08 PM UTC

$1B raise, $5B valuation. For a company that is a couple months old and doesn't have a product or even a single line of code in production. Wild.

Re: Ilya Sutskever's SSI Inc raises $1B

#14

Post by duxup » Wed, Sep 04, 2024, 2:08 PM UTC

RcouF1uZ4gsC wrote: post #4

I think this is actually a signal that the AI hype is dissipating. These numbers and the valuation are indicative that people consider this a potentially valuable tool, but not world changing and disruptive. I think this is a pretty reasonable take.

$1B doesn't seem like "dissipating" to me ...

Re: Ilya Sutskever's SSI Inc raises $1B

#15

Post by vidarh » Wed, Sep 04, 2024, 2:08 PM UTC

RcouF1uZ4gsC wrote: post #4

I think this is actually a signal that the AI hype is dissipating. These numbers and the valuation are indicative that people consider this a potentially valuable tool, but not world changing and disruptive. I think this is a pretty reasonable take.

A valuation at seed mentioned to possibly be in the region of $5bn means that these investors expect there's a reasonable chance that this company, which at this point will be one among many, might become one of the largest companies in the world as that's the kind of multiple they'd need given the risks of such an early stage bet.

That doesn't sound like the hype is dissipating to me.

Re: Ilya Sutskever's SSI Inc raises $1B

#16

Post by jejeyyy77 » Wed, Sep 04, 2024, 2:09 PM UTC

RcouF1uZ4gsC wrote: post #4

I think this is actually a signal that the AI hype is dissipating. These numbers and the valuation are indicative that people consider this a potentially valuable tool, but not world changing and disruptive. I think this is a pretty reasonable take.

lol wat

Re: Ilya Sutskever's SSI Inc raises $1B

#17

Post by duxup » Wed, Sep 04, 2024, 2:09 PM UTC

ramraj07 wrote: post #2

Getting funded by a16z is if anything a sign that the field is not hot anymore.

Why is that?

Re: Ilya Sutskever's SSI Inc raises $1B

#18

Post by cootsnuck » Wed, Sep 04, 2024, 2:10 PM UTC

RcouF1uZ4gsC wrote: post #4

I think this is actually a signal that the AI hype is dissipating. These numbers and the valuation are indicative that people consider this a potentially valuable tool, but not world changing and disruptive. I think this is a pretty reasonable take.

Lol good one.

Re: Ilya Sutskever's SSI Inc raises $1B

#19

Post by xianshou » Wed, Sep 04, 2024, 2:12 PM UTC

Same funding as OpenAI when they started, but SSI explicitly declared their intention not to release a single product until superintelligence is reached. Closest thing we have to a Manhattan Project in the modern era?

Re: Ilya Sutskever's SSI Inc raises $1B

#20

Post by [deleted] » Wed, Sep 04, 2024, 2:12 PM UTC

[deleted]