The Pulse by Augment
Posts
Safe Superintelligence Lands $1B

Safe Superintelligence Lands $1B

Noel Moldvai
September 05, 2024

Good afternoon! It’s about time the good guys at Safe SuperIntelligence raised some capital—just a little bit of seed money to go up against the behemoth archnemesis, OpenAI. All jokes aside, we love them equally. Gotta love the direction we’re headed. Enjoy the rest of this week's tech news!

TL;DR

OpenAI Co-Founder Ilya Sutskever’s New AI Firm Raises $1 Billion
Thoma Bravo founder vows to ‘never touch’ crypto again after disastrous bet on FTX
Cerebras Expands TAM by Pushing AI Inference on Overdrive
Starlink backtracks, complies with order blocking X in Brazil, says regulator

OpenAI Co-Founder Ilya Sutskever’s New AI Firm Raises $1 Billion

Safe Superintelligence (SSI), founded by OpenAI co-founder Ilya Sutskever, raised $1 billion to develop "safe" AI models. Investors include Andreessen Horowitz, Sequoia Capital, and others. SSI focuses on building AI aligned with human values, with offices in Palo Alto and Tel Aviv, and aims to recruit top technical talent.

Read the full article here on WSJ

Thoma Bravo founder vows to ‘never touch’ crypto again after disastrous bet on FTX

Orlando Bravo, founder of Thoma Bravo, announced that his firm will no longer invest in crypto after its disastrous $900 million investment in FTX, which collapsed into bankruptcy in 2022. Despite still believing in blockchain technology, Bravo emphasized avoiding future crypto investments after this significant loss. Thoma Bravo manages $160 billion in assets.

Read the full article here on CNBC

Cerebras Expands TAM by Pushing AI Inference on Overdrive

Cerebras CEO Andrew Feldman discussed the company’s wafer-scale engine (WSE-3) chip on the Tech Disruptors podcast, highlighting its potential to capture a $40 billion AI inference market. The WSE-3 aims to deliver AI responses 20x faster and at one-fifth the cost of hyperscale cloud solutions, broadening AI market opportunities.

Listen to the podcast here on Bloomberg

Starlink backtracks, complies with order blocking X in Brazil, says regulator

Elon Musk's Starlink is complying with Brazil’s top court order to block access to social media platform X. Initially, Starlink refused but later backtracked. The court froze Starlink's assets to cover potential fines. Starlink is pursuing legal action, claiming the order violates Brazil's constitution, while some Brazilians still access X via VPNs.

Read the full article here on Reuters