Found some of this very interesting
Referrers
Countries
A few quick Thoughts on Chat GPT Announcing ChatGPT Apps and launching (soft launch) their App Platform/App Store
Will we be making ChatGPT Apps?
Yes
Are we happy about what Chat GPT App Store is so far?
Not at all
This post is quite magnificent -> Error i.e. https://youtubetranscriptoptimizer.com/blog/05_the_short_case_for_nvda
Title: The Short Case for NVDA
Author: Jeffrey Emanuel
Why is it Magnificent?
So an article you definitely MUST READ -> https://youtubetranscriptoptimizer.com/blog/05_the_short_case_for_nvda
News broke today that SSI (Safe Superintelligence), Ilya Sutskever’s new AI startup, has raised $1 Billion at a $5 billion valuation.
SSI was started 3 months ago. Ilya Sutskever is OpenAI’s former chief scientist. He left OpenAI after concerns about the direction of OpenAI.
Ars Technica -> Sutskever strikes AI gold with billion-dollar backing for superintelligent AI | Ars Technica
There are, obviously, some very shocked people. A 3 month old startup, regardless of the pedigree of the co-founder, raising $1 billion at a $5 billion valuation has no precedent. In this post we will explain why this is not a crazy valuation.
Ilya Sutskever is perhaps the most Prized Researcher in all of AI
He was the Chief Scientist at OpenAI and can claim to be as responsible as anyone for OpenAI reaching a $100 billion valuation.
It is not impossible that his new company reaches a similar or higher valuation. In fact, given the massive amount of liquidity in AI funding, it is very likely that his new company will reach a $100 billion valuation.
In that environment, investing $1 billion at a $5 billion valuation for 20% of SSI is a very smart funding move.
The Most Likely Scenario – SSI becomes a $100 Billion Company
The $1 billion investment becomes $20 billion.
This is the most likely scenario because of how hot AI is, and because by focusing on a very long term goal (Safe Superintelligence), SSI have completely removed all pressure and milestones.
As Silicon Valley jokes – the best time to raise funds is pre-revenue. You can sell anything. The next few rounds will be raising money at higher and higher valuations – Based on the promise of SSI achieving Safe Superintelligence. The seed round investors will have ample opportunities to sell some/all of their stake at very high valuations.
The Best Case Scenario – SSI becomes a $1 Trillion to $10 Trillion Company and ONe of the Top 5/Top 10 Winners in AI
The $1 Billion Investment becomes $200 Billion to $2 Trillion.
It is a once in a life time investing opportunity for anyone with $1 billion to spare.
The Worst Case Scenario – SSI fails
The $1 Billion Investment goes up in smoke. It’s just $1 billion. Lots and lots of Investment Funds and VCs can spare a billion. Even many billionaires can afford to burn $1 billion for such an asymmetric risk to reward opportunity
You yourself would invest $1 Billion at a $5 Billion valuation if you had $1 Billion lying around
If you had upwards of a $5 billion net worth, with $1 billion available to invest. If you had the chance to invest in a company which
You would happily invest $1 billion. These kind of investment opportunities are asymmetric risk to reward and almost never show up. SSI is working on solving (as they put it) -> The most important technical challenge of our age.
If they succeed, the $1 billion you invest will become worth more than the richest man on the planet.
3 months after launching, Safe Superintelligence (SSI) has raised $1 Billion at a $5 Billion Valuation.
Ars Technica -> Sutskever strikes AI gold with billion-dollar backing for superintelligent AI | Ars Technica
Details of Safe Superintelligence’s $1 Billion Funding Seed Round
Safe Superintelligence is Hiring
This is the Tweet with link to the Hiring Website -> SSI Inc. on X: “SSI is building a straight shot to safe superintelligence. We’ve raised $1B from NFDG, a16z, Sequoia, DST Global, and SV Angel. We’re hiring: https://t.co/DmFWnrc1Kr” / X
This is the SSI Job Application page for Member of Technical Staff -> Member of Technical Staff @ SSI (ashbyhq.com)
As good a time as any to apply for an AI job. As SSI say –
We offer an opportunity to do your life’s work and help solve the most important technical challenge of our age.
Now is the time. Join Us.
Thanks to TechCrunch for covering this -> Neko Health, the body-scanning AI health startup from Spotify’s Daniel Ek, opens in London | TechCrunch
Worth visiting just for the ‘I too can be Derek Zoolander’ photograph of the co-founders.
Healthcare AI Startups are so Hot Right Now
Neko Health is an AI Healthcare startup
Thoughts on Neko Health – Are AI Healthcare Startups here to stay?
We think Neko Health is a brilliant idea, and that AI Healthcare Startups are definitely here to stay
Overall, Neko Health is a great little AI Healthcare startup (if you can call a company raising $60 million ‘little’) and we hope it does very well.
It’s hard not to notice the shocking number of AI companies that pretend they don’t care about money at all.
Companies raising billions. Companies paying their employees millions in salaries. Yet, constantly claiming they are ‘Non Profits’ and ‘Public Benefit Corporations’ and such.
The Duality of AI Tech Startups
The vast majority of AI Tech startups are raising money at an insane rate, paying their employees exorbitantly high salaries, and forecasting immense profitability.
At the same time, the majority of AI Tech startups are doing one or more of
Such a beautiful, delicious paradox.
Is this Virtue Signaling disease ever going away?
Nope, doesn’t seem like it.
Not only do AI Tech startups have to deal with allegations of greed, they also have to deal with the non-zero probability that AI will out-evolve humans and then AI will decide to wipe out humans.
AI Tech companies have to virtue signal like their life depends on it, because it does.
Why the attempt to pretend to not care about making money?
This is interesting. Our guess is that a lot of the newer technology companies in Silicon Valley do a lot of corrupt stuff (stealing data, invading people’s privacy, spying on children, spying on people) so they really got into the ‘pretend to be honest’ obsession.
Now you have AI which might destroy jobs and might even destroy the human race. So AI Tech startups are playing the ‘We are so altruistic, never mind that we might wipe out humanity’ game right from the start.
Why so much focus on being a Non Profit?
This one is straightforward. AI tech companies that become the Big 5/Big 10 Winners in the space will be Trillion dollar companies and perhaps even 10 Trillion dollar companies.
When the level of wealth is massive, then the need to pretend to not care about money also becomes massive. A Non Profit is the best way to pretend that the potential prize is not tens of trillions of dollars.
Earlier, weaker attempts to Virtue Signal by Tech Companies
Google started a lot of this ‘we are so pure and sweet’ BS with their ‘Do No Evil’ corporate mantra.
It’s probably that when some technology companies were doing things they realized were borderline shady, they decided that virtue signaling A TON was a good way to distract people from the dark underbelly of what they were doing. Surely, a company that keeps talking about ‘how much Good it is doing’ could not possibly be doing anything bad.
Yeah, people really are that stupid
So, AI companies – If you are doing shady stuff, just pretend you are a Non Profit and do a ton of virtue signaling. The dumb humans will fall for it hook, line, and sinker.
Supio is a very impressive Legal AI startup out of Seattle founded by Ex Microsoft employees. They just came out of stealth mode and announced they had raised $25 Million.
After seeing their website and reading more about them, it is not at all surprising that they have raised $25 Million in funding.
Thanks to GeekWire for covering this.
What does Supio do?
Supio is a Legal AI Tech startup that focuses on a very specific area
It’s quite a neat area to tackle.
Legal AI Tech companies are fascinating to us because there is a natural fit for AI with Legal work.
How much has Supio raised & from whom?
Supio came out of stealth at the end of August 2024 and announced it has raised $25 Million in a Series A led by Sapphire Ventures. This adds to a Pre Seed Round of $8 million (assumption).
Pre Seed Round – Presumably $8 Million from SeaChange.
Series A – $25 Million from Sapphire Ventures (led the round), Bonfire Ventures, and Foothill Ventures.
Current Job Opportunties at Supio
Supio has a dedicated Careers page with the following jobs available
All positions are based in Seattle, WA, USA. Supio has 27 employees and expects to double head count within the next 12 months.
What does DealAI think of Supio?
It is quite an interesting company and we hope they continue to do well.
Deal AI - Deals, Funding, Acquisitions & Mergers in AI 