Ilya Is Back!

OpenAI is about to face a new rival.

Author

Magna Ding
September 06, 2024

Hello, AI Enthusiasts!

Ex-OpenAI co-founder Ilya Sutskever shocked the AI market.

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VENTURE

Ilya Is Back!

Safe Superintelligence (SSI), an AI startup co-founded by Ilya Sutskever, the former chief scientist of OpenAI, has raised $1 billion to develop advanced and safe AI systems.

The Details:

  • Funding and Valuation: SSI has raised $1 billion, with an estimated valuation of $5 billion. The funds will be used to acquire computing resources and recruit top talent.

  • Team and Focus: SSI, currently with 10 employees, will build a highly trusted team of researchers and engineers located in Palo Alto and Tel Aviv. The company emphasizes hiring individuals with exceptional abilities and integrity.

  • Investment and Backers: Investors include leading venture capital firms such as Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel. Additionally, the investment firm NFDG, led by Nat Friedman and SSI CEO Daniel Gross, also participated in the funding round.

Why It Matters:

This significant investment marks a major move in the AI sector, focusing on not only surpassing human capabilities but also addressing critical safety concerns.

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NEW THINGS

AI to Advance Cancer Research

In recent advancements in Australia, the Peter MacCallum Cancer Centre and John Holland Group are leveraging Databricks' AI and cloud data platforms to overcome significant challenges with data fragmentation. These organizations are transforming their operational capabilities and data management practices to harness the power of AI, enhancing everything from cancer research to infrastructure project management.

The Details:

  • Data Consolidation at Peter Mac: The cancer centre is addressing its legacy data challenges to improve clinical decisions and accelerate research through AI.

  • Unified Data Platform by John Holland: This infrastructure giant is integrating its data across multiple projects to drive change and gain competitive advantages in its sector.

  • AI's Broader Role in Cancer Research: Expanding its AI strategy, Peter Mac is now exploring new areas such as genomics and cancer imaging to stay at the forefront of cancer research.

Why It Matters:

The utilization of AI in these fields is not just a technological upgrade; it represents a pivotal shift towards more integrated, efficient, and groundbreaking practices in sectors critical to human welfare.

QUICK HEATS

  • Anthropic Unveils Claude Enterprise Plan - Anthropic launches a new subscription service for its AI chatbot, Claude, aimed at enterprise customers, enhancing administrative controls and security features.

  • Zillow's AI Upgrade - Zillow enhances its AI search to display a wider range of homes, including those beyond your budget.

  • Nvidia Subpoenaed by US DoJ - The US Department of Justice has issued a subpoena to Nvidia as part of its investigation into the chipmaker's antitrust practices.

  • Qualcomm Launches New AI PC Chip - Qualcomm unveils the Snapdragon X Plus 8-core processor, intensifying competition with Intel and AMD in the AI PC market.

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