Report: Ilya Sutskever’s startup in talks to fundraise at roughly $20B valuation

Safe Superintelligence, the AI startup founded by former OpenAI chief scientist Ilya Sutskever, is in talks to raise funding at a valuation of “at least” $20 billion, according to Reuters.

It’s not clear how much Safe Superintelligence — which has yet to generate any revenue — is looking to secure, but it could be substantial. The new figure is 4x the $5 billion valuation the company held last September.

Little is known about Safe Superintelligence’s work. The company, which also counts ex-OpenAI researcher Daniel Levy and former Apple AI projects lead Daniel Gross among its founding team, has raised $1 billion so far. Existing investors include Sequoia Capital, Andreessen Horowitz, and DST Global.

Sutskever is widely respected in the AI — and wider tech — industry. He’s credited with contributing to major AI breakthroughs while at OpenAI, including the technical approach that made ChatGPT’s development possible.