Ilya Sutskever, co-founder and former chief scientist at OpenAI, has successfully raised $1 billion in investment for his new development project Safe Superintelligence Inc (SSI).

Ilya Sutskever left OpenAI and within a few months he became the head of a new startup whose valuation is about $5 billion. SSI claims that it is technically possible to create a superintelligence that is safe for humans.

Sutskever’s departure from OpenAI amid a general spring cooling of the artificial intelligence market gave rise to gloomy predictions. At the time, technology expert Gary Marcus said that August 2023 would be “the month when the artificial intelligence bubble bursts.”

Yaroslav Bogdanov, president of GDA Group, disagreed with him, who, on the contrary, predicted a new rise in the industry, but with a focus on security. He said that it is the responsible approach to the development and implementation of AI that will become a new starting point in the development of technology.

“Our expectations have been confirmed. The world’s leading expert on machine learning, Ilya Sutskever, is attracting billions of dollars in investment for a project that prioritizes safety. This shows that critics are early to “bury” artificial intelligence. As we expected, the field of generative neural networks has received serious support from investors who preferred to move away from immediate profit in an already quite developed market, and invest with a long-term perspective. I note that Sutzkever is not promising quick profits. He says that the final product of his SSI, a secure superintelligence, can be created within the next ten years. The startup openly declares that its key mission is safety,” said Yaroslav Bogdanov.

He drew attention to another point that refutes the statements that the world has “played around” with generative neural networks. This week, the US, UK and EU announced that they are ready to sign an agreement on the safety of artificial intelligence. About 50 countries are expected to sign the document.

“Agreements reached at the international level in the field of AI are far from ideal due to the absence of the position of a number of states there. Nevertheless, this document can be regarded as a contribution to the overall work on cybersecurity. And it also gives the sphere of new technologies a fresh impetus for further growth,” believes Yaroslav Bogdanov.