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OpenAI co-founder Ilya Sutskever’s new venture SSI valued at $32bn

Start-up raises $2bn, underscoring investors’ keen appetite for bankrolling AI groups despite US economic tumult

OpenAI co-founder Ilya Sutskever has raised $2bn for his artificial intelligence start-up in a deal which values the year-old company at $32bn though it currently has no product.

Sutskever, who left OpenAI last year after a failed coup against chief executive Sam Altman, launched Safe Superintelligence last June with Daniel Gross, who led Apple’s AI efforts, and Daniel Levy, an investor and AI researcher.

The funding round underscores investors’ keen appetite for bankrolling AI start-ups led by prominent researchers or talented engineers. That appetite shows little sign of diminishing, even against the backdrop of economic tumult in the US.

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