OpenAI Co-Founder Seeks Major Funding For AI Startup

According to PANews, OpenAI co-founder Ilya Sutskever is reportedly in the process of raising over $1 billion for his AI startup, Safe Superintelligence, potentially valuing the company at more than $30 billion. This would position it among the world's most valuable private tech companies. Sources indicate that San Francisco-based venture capital firm Greenoaks Capital Partners is leading this funding round with a planned investment of $500 million. Greenoaks has previously invested in AI firms such as Scale AI and Databricks Inc. The involvement of Greenoaks Capital Partners, known for its significant investments in the AI sector, adds to the anticipation surrounding Safe Superintelligence's future growth. The funding is expected to significantly boost the company's valuation from its previous $5 billion. However, it is important to note that the fundraising discussions are still ongoing, and details may change as negotiations progress.