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Ilya Sutskever's SSI Inc raises $1B

reuters.com

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

#121

Post by sva_ »

davedx wrote: post #70
Yizahi wrote: post #47

Earlier quoted context omitted.

There is significant possibility that true AI (what Ilia calls superintelligence) is impossible to build using neural networks. So it is closer to some tokenbro project than to nuclear research. Or he will simply shift goalposts, and call some LLM superintelligent.

> There is significant possibility that true AI (what Ilia calls superintelligence) is impossible to build using neural networks What evidence can you provide to back up the statement of this "significant possibility"? Human brains use neural networks...

The neural networks in human brains are very different from artificial neural networks though. In particular, they seem to learn in a very different way than backprop.

But there is no reason the company can't come up with a different paradigm.

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

#122

Post by dartos »

bdcravens wrote: post #110
greenthrow wrote: post #101

Earlier quoted context omitted.

I have this rock here that might grant wishes. I will sell it to you for $10,000. Sure it might just be a rock, but if it grants wishes $10k is a very cheap price!

Except in this analogy you've already had success mining rocks that create supernatural results.

Mining rocks that can spray colors is a far cry from granting wishes.

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

#124

Post by lesuorac »

bdcravens wrote: post #110
greenthrow wrote: post #101

Earlier quoted context omitted.

I have this rock here that might grant wishes. I will sell it to you for $10,000. Sure it might just be a rock, but if it grants wishes $10k is a very cheap price!

Except in this analogy you've already had success mining rocks that create supernatural results.

supernatural results?

my dude, I'd rather have a washing machine than chatgpt.

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

#125

Post by m4rtink »

Yizahi wrote: post #61
paxys wrote: post #13

$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.

This feels like a situation with a sold out train to a popular destination, where people are already reselling their tickets for some crazy markup, and then suddenly railway decides to add one more train car and opens flash ticket sale. Investors feeling missing out on OpenAI and others are now hoping to catch this last train ticket to the AI.

Add that the tracks have not even been built &trains purchased and we are back at google old railway craze/bubble!

Do YOU want to miss out being a share holder on this new line that will bring immeasurable wealth ?? ;-)

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

#126

Post by bdcravens »

amscanne wrote: post #91
nlh wrote: post #45

Earlier quoted context omitted.

Because it's a startup hub, there is great engineering talent there, and the cost of living is lower than the US.

Cost of living is extremely high in Tel Aviv, but the rest is true.

For the region, yes. Compared to the US, it's closer to Houston and Chicago, and way less that the typical tech hubs like the Bay or NYC.

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

#127

Post by yashap »

Zelphyr wrote: post #63
paxys wrote: post #13

$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.

It's 1999 all over again.

Agreed, the AI bubble is very, very real. Not that LLMs are all hype, they’re certainly impressive with useful applications, but AI companies are getting insane valuations with zero proof that they’re viable businesses.

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

#128

Post by whimsicalism »

sim7c00 wrote: post #104
highfrequency wrote: post #42

“…a straight shot to safe superintelligence and in particular to spend a couple of years doing R&D on our product before bringing it to market," Gross said in an interview.” A couple years ??

well since it's no longer ok to just suck up anyone's data and train your AI, it will be a new challenge for them to avoid that pitfall. I can imagine it will take some time...

what laws have actually changed that make it no longer okay?

we all know that openai did it

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

#129

Post by Barrin92 »

letitgo12345 wrote: post #8
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.

This might be the largest seed round in history (note that 1B is the cash raised, not the valuation). You think that's an indication of the hype dissipating?

At the height of the Japanese economy in the 80s the about 2 square miles of land on which the Imperial Palace stood were worth more than all property in California. Clearly a brilliant moment to get into Japanese real estate!

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

#130

Post by bdcravens »

lesuorac wrote: post #124
bdcravens wrote: post #110

Earlier quoted context omitted.

Except in this analogy you've already had success mining rocks that create supernatural results.

supernatural results? my dude, I'd rather have a washing machine than chatgpt.

I was speaking to the analogy being made (a wish granting rock), not chatgpt.
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