Report: OpenAI Co-Founder's AI Startup Valued at $32B
Above: A Safe Superintelligence logo is seen on a smartphone screen. Image credit: Pavlo Gonchar/Contributor/SOPA Images/LightRocket via Getty Images
The Facts
- Safe Superintelligence (SSI), founded in June 2024 by former OpenAI chief scientist Ilya Sutskever, has reportedly secured an additional $2 billion in funding led by Greenoaks — pushing its valuation to $32 billion despite having no public product.
- According to the Financial Times, the startup's valuation has increased sixfold from its initial $5 billion valuation in September 2024, when it raised its first $1 billion. Major investors include Greenoaks ($500 million), Lightspeed Venture Partners, Andreessen Horowitz, and DST Global.
- SSI has established a strategic partnership with Google Cloud, becoming its largest external customer for Tensor Processing Units (TPUs). It also received an investment from Nvidia, making it one of the few companies backed by both chip giants.
Sources Split
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The Spin
Narrative A
The extraordinary valuation reflects investors' confidence in elite AI talent and the potential for breakthrough technologies that could revolutionize the field, particularly given Sutskever's track record at OpenAI and the strategic advantage of having both Google and Nvidia's support.
Narrative B
The massive valuation without any product or clear business model represents irrational exuberance in AI investing. It follows a pattern of overvalued AI startups led by prominent figures from established companies and leaves fundamental questions about commercial viability in the AI sector unanswered.
Metaculus Prediction
The Controversies
Go Deeper
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© 2026 Improve the News Foundation.
All rights reserved.
Version 7.17.1