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Ilya Sutskever's SSI Inc raises $1B

reuters.com

31–40 of 803 posts

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

#31

Given OpenAI’s declining performance after his being sidelined and then departing, interested to see what they do. Should be a clear demonstration of who was really driving innovation there.

100% OpenAi performance is decreasing. I basically use Claud sonnet exclusively and canceled my OpenAi subscription for personal use. my company still uses them because you cant currently fine-tune a Claud model, yet.

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

#33
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 because is Ilya.

This deal was cooked way back, though, perhaps even before the coup.

Now, can they make a product that makes at least $1B + 1 dollar in revenue? Doubt it, I honestly don't see a market for "AI safety/security".

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

#34
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.

Welcome to capitalism. It’s all about your existing capital and connections. Capital attracts capital.

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

#35

Given OpenAI’s declining performance after his being sidelined and then departing, interested to see what they do. Should be a clear demonstration of who was really driving innovation there.

OpenAI's velocity seemed to tank after the Anthropic founders left.

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

#36
post #26

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?

> Closest thing we have to a Manhattan Project in the modern era? Minus the urgency, scientific process, well-defined goals, target dates, public ownership, accountability...

The Manhattan Project had none of these things publicly declared. And Ilya is a top flight scientist.

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

#38
post #32

i get that they're probably busy making AGI but surely they can spare a few hours to make a proper website? or is this some 4d-chess countersignalling i'm too stupid to notice?

If you're too stupid to notice then why did you notice?

(I think it's branding, yes. A kind of "we don't care about aesthetics, we care about superintelligence" message)

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

#39
post #32

i get that they're probably busy making AGI but surely they can spare a few hours to make a proper website? or is this some 4d-chess countersignalling i'm too stupid to notice?

What’s wrong with their website? Seems fast and gives me the information I need.

What’s mildly annoying to me is their domain only returns an A record.

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

#40

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.

Explain why you think $1B at $5B valuation isn't overvaluation? This strikes me as over-indexing on Ilya + teams ability to come up with something novel while trying to play catch-up.
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