Safe Superintelligence, Ilya Sutskever’s AI startup, is reportedly close to raising roughly $1B

Safe Superintelligence, an AI startup founded by former OpenAI chief scientist Ilya Sutskever, could be close to raising more than $1 billion at a $30 billion valuation — a higher valuation than reported just weeks ago.

Bloomberg reports that VC firm Greenoaks Capital Partners is leading the deal and pledging to invest half a billion dollars. Should the terms of the round not change, the fundraising would bring Safe Superintelligence’s total raised to roughly $2 billion.

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.

Safe Superintelligence, which also counts ex-OpenAI researcher Daniel Levy and former Apple AI projects lead Daniel Gross among its founding team, has raised money from Sequoia Capital, Andreessen Horowitz, and DST Global. It isn’t generating revenue yet, and doesn’t intend to sell AI products in the near future.