Nvidia to invest $5 billion in Ilya Sutskever's AI startup

The two ⁠companies announced ‌the deal ​Monday ​morning without disclosing ⁠financial terms. The funding will boost ​SSI's available computing resources, ​the companies said. The deal also gives SSI access to Nvidia's cutting-edge Vera ‌Rubin hard...

Nvidia to invest $5 billion in Ilya Sutskever's AI startup
Nvidia will make a $5 billion equity investment in Safe Superintelligence as part of a strategic ‌partnership between ⁠the ⁠chipmaker and the startup co-founded by OpenAI's former chief scientist Ilya Sutskever, a person briefed on the deal said.

The two ⁠companies announced ‌the deal ​Monday ​morning without disclosing ⁠financial terms.

The funding will boost ​SSI's available computing resources, ​the companies said. The deal also gives SSI access to Nvidia's cutting-edge Vera ‌Rubin hardware.


The strategic deal announced Monday came ​together ​within a ⁠matter of weeks, two people briefed on the matter said.

Bloomberg earlier reported the amount of Nvidia's equity investment.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Startups › Nvidia to invest $5 billion in Ilya Sutskever's AI startup
Text Size:AAA
Success
This article has been saved

*

+