{"id":1234433,"date":"2025-02-24T10:20:00","date_gmt":"2025-02-24T15:20:00","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1234433"},"modified":"2025-02-24T10:20:00","modified_gmt":"2025-02-24T15:20:00","slug":"pre-product-ai-company-now-valued-at-30-billion","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1234433","title":{"rendered":"Pre-Product AI &#8216;Company&#8217; Now Valued at $30 Billion"},"content":{"rendered":"<div>Financial Times: Venture capitalists have always been happy to back pre-profit companies. Back in the halcyon ZIRP era, they became happy to finance pre-revenue companies. But at least even Juicero, Wag and the Fyre Festival had an actual product. From Bloomberg over the weekend: &#8220;OpenAI co-founder Ilya Sutskever is raising more than $1 billion for his start-up at a valuation of over $30 billion, according to a person familiar with the matter &#8212; vaulting the nascent venture into the ranks of the world&#8217;s most valuable private technology companies. <\/p>\n<p>Greenoaks Capital Partners, a San Francisco-based venture capital firm, is leading the deal for the start-up, Safe Superintelligence, and plans to invest $500 million, said the person, who asked not to be identified discussing private information. Greenoaks is also an investor in AI companies Scale AI and Databricks. <\/p>\n<p>The round marks a significant valuation jump from the $5 billion that Sutskever&#8217;s company was worth before, according to Reuters, which earlier reported some details of the new funding. The financing talks are ongoing and the details could still change.&#8221; <\/p>\n<p>OK, so a jump from a $5bn valuation less than half a year ago to $30bn must mean that Safe Superintelligence has an absolutely killer product right? SSI focuses on developing safe AI systems. It isn&#8217;t generating revenue yet and doesn&#8217;t intend to sell AI products in the near future. &#8220;This company is special in that its first product will be the safe superintelligence, and it will not do anything else up until then,&#8221; Sutskever told Bloomberg in June. &#8220;It will be fully insulated from the outside pressures of having to deal with a large and complicated product and having to be stuck in a competitive rat race.&#8221;<\/p>\n<div class=\"share_submission\" style=\"position:relative;\">\n<a class=\"slashpop\" href=\"http:\/\/twitter.com\/home?status=Pre-Product+AI+'Company'+Now+Valued+at+%2430+Billion%3A+https%3A%2F%2Ftech.slashdot.org%2Fstory%2F25%2F02%2F24%2F1517229%2F%3Futm_source%3Dtwitter%26utm_medium%3Dtwitter\"><img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2025\/02\/twitter_icon_large-258.png\"><\/a><br \/>\n<a class=\"slashpop\" href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Ftech.slashdot.org%2Fstory%2F25%2F02%2F24%2F1517229%2Fpre-product-ai-company-now-valued-at-30-billion%3Futm_source%3Dslashdot%26utm_medium%3Dfacebook\"><img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2025\/02\/facebook_icon_large-173.png\"><\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/tech.slashdot.org\/story\/25\/02\/24\/1517229\/pre-product-ai-company-now-valued-at-30-billion?utm_source=rss1.0moreanon&amp;utm_medium=feed\">Read more of this story<\/a> at Slashdot.<\/p>\n<p><iframe src=\"https:\/\/slashdot.org\/slashdot-it.pl?op=discuss&amp;id=23619205&amp;smallembed=1\" style=\"height: 300px; width: 100%; border: none;\"><\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Financial Times: Venture capitalists have always been happy to back pre-profit companies. Back in the halcyon ZIRP era, they became happy to finance pre-revenue companies. But at least even Juicero, Wag and the Fyre Festival had an actual product. From &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1234433\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,44,110],"tags":[],"class_list":["post-1234433","post","type-post","status-publish","format-standard","hentry","category-slashdot","category-technology","category-unfiltered-rss"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1234433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1234433"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1234433\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1234433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1234433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1234433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}