Ilya Sutskever's SSI Inc raises $1B
reuters.com
Ilya Sutskever's SSI Inc raises $1B
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Re: Ilya Sutskever's SSI Inc raises $1B
#2Getting funded by a16z is if anything a sign that the field is not hot anymore.
Re: Ilya Sutskever's SSI Inc raises $1B
#3This has to be one of the quickest valuations past a billion. I wonder if they can even effectively make use of the funds in a reasonable enough timeline.
Re: Ilya Sutskever's SSI Inc raises $1B
#4I 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.
Re: Ilya Sutskever's SSI Inc raises $1B
#5[deleted]
Re: Ilya Sutskever's SSI Inc raises $1B
#6Good news for NVDA.
Re: Ilya Sutskever's SSI Inc raises $1B
#7[deleted]
Re: Ilya Sutskever's SSI Inc raises $1B
#8I 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?
Re: Ilya Sutskever's SSI Inc raises $1B
#9Getting funded by a16z is if anything a sign that the field is not hot anymore.
All money is green, regardless of level of sophistication. If you’re using investment firm pedigree as signal, gonna have a bad time. They’re all just throwin’ darts under the guise of skill (actor/observer|outcome bias; when you win, it is skill; when you lose, it was luck, broadly speaking).
> Indeed, one should be sophisticated themselves when negotiating investment to not be unduly encumbered by the unsophisticated. But let us not get too far off topic and risk subthread detachment.
Edit: @jgalt212: Indeed, one should be sophisticated themselves when negotiating investment to not be unduly encumbered by shades of the unsophisticated or potentially folks not optimizing for aligned interests. But let us not get too far off topic and risk subthread detachment. Feel free to cut a new thread for further discussion on the subject.
Re: Ilya Sutskever's SSI Inc raises $1B
#10Given 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.