Monster VC deals: $1B+ AI rounds keep coming as investors hedge their bets on who the next tech giant will be

CB Insights September 5, 2024
Isabelle Selles

OpenAI co-founder Ilya Sutskever’s AI startup Safe Superintelligence (SSI) recently raised $1B, but it’s only the latest in an unprecedented run of billion-dollar AI funding rounds.

What you need to know:

• The OpenAI co-founder’s AI safety startup has raised $1B, reflecting the industry divide on AI risks — and the rush to back the next tech giant.
• SSI’s deal marks the 9th $1B+ AI equity round of the year, following record levels of AI investment in Q2’24.

OpenAI co-founder Ilya Sutskever’s AI startup Safe Superintelligence (SSI) recently announced it had raised $1B at a $5B valuation.

SSI has just 10 employees and was only founded in June 2024, with plans to develop safety-focused AI systems....

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