Nvidia invests $5 billion in Safe Superintelligence AI startup

Nvidia is making a significant investment in Safe Superintelligence (SSI), an AI startup founded by Ilya Sutskever, former chief scientist of OpenAI. The deal, worth $5 billion, includes access to Nvidia's next-generation Vera Rubin computing platform, which is expected to increase SSI's computing capacity.

SSI aims to develop 'safe superintelligence' and has raised over $3 billion in funding. This partnership will accelerate SSI's research and development of safe superintelligence, with Nvidia providing cutting-edge hardware to support their work.

Meanwhile, big tech companies like Amazon and Microsoft are also investing heavily in AI, with a combined spend of $400 billion. Investors are watching closely for returns on these investments, particularly in the companies' cloud computing businesses, AWS and Azure.

Despite concerns about AI's impact on jobs, big companies are actively hiring people to work alongside AI, defying predictions of job wipeout. The latest jobless claims report shows the lowest numbers since 1969.

Other developments in AI include the launch of Nielsen's Ad Intel AI, a platform that transforms fragmented ad data into actionable intelligence, and the expansion of SalesCloser's AI sales platform globally.

Key Takeaways

['Nvidia invests $5 billion in Safe Superintelligence (SSI), an AI startup founded by Ilya Sutskever.', "SSI aims to develop 'safe superintelligence' and has raised over $3 billion in funding.", 'Amazon and Microsoft spend $400 billion on AI, with investors watching for returns.', 'Big companies are actively hiring people to work alongside AI, defying job wipeout predictions.', 'Nielsen launches Ad Intel AI, a platform for transforming ad data into actionable intelligence.', 'SalesCloser expands its AI sales platform globally via a new deal with wellness software firm Xennox Solutions.', 'Michael Burry warns of risks associated with AI spending and private credit.', 'Dan Ives is bullish on Nvidia, citing a 12-to-1 demand-to-supply ratio for Nvidia chips.', "Nvidia and SSI announce a long-term strategic partnership to accelerate SSI's development of safe superintelligence.", 'AI trading automation grows with tools like copy trading, agentic trading, and conversational interfaces.']

Nvidia invests big in Safe Superintelligence

Nvidia is making a substantial investment in Safe Superintelligence (SSI), an AI startup founded by former OpenAI chief scientist Ilya Sutskever. The investment, combined with access to Nvidia’s next-generation Vera Rubin computing platform, will increase SSI's computing capacity. SSI aims to develop 'safe superintelligence' and has raised over $3 billion in funding.

Nvidia partners with SSI for AI research

Nvidia and Safe Superintelligence Inc. (SSI) announced a long-term strategic partnership to accelerate SSI's development of safe superintelligence. Nvidia will provide SSI with access to its cutting-edge hardware, increasing SSI's compute power by an order of magnitude.

Nvidia makes major investment in Sutskever's AI lab

Nvidia is investing a substantial amount in Safe Superintelligence (SSI), Ilya Sutskever's AI research lab. The deal includes access to Nvidia's Vera Rubin platform, expected to increase SSI's computing resources significantly.

Safe Superintelligence partners with Nvidia

Safe Superintelligence (SSI), founded by Ilya Sutskever, partnered with Nvidia to scale its AI research. The deal includes an undisclosed investment and access to Nvidia's Vera Rubin GPU platform, expected to increase SSI's compute resources.

Nvidia bets big on Sutskever's AI startup

Nvidia is investing $5 billion in Safe Superintelligence (SSI), Ilya Sutskever's AI startup. The deal includes access to Nvidia's Vera Rubin chips to expand SSI's computing capacity for its AI research.

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

Nvidia will make a $5 billion equity investment in Safe Superintelligence (SSI), Ilya Sutskever's AI startup. The deal also gives SSI access to Nvidia's Vera Rubin hardware.

Nvidia invests in Sutskever's SSI

Nvidia made a substantial investment in Safe Superintelligence (SSI), Ilya Sutskever's AI startup. SSI will gain access to Nvidia's Vera Rubin platform, significantly expanding its computing resources.

Michael Burry warns of AI spending risks

Michael Burry highlighted rising AI spending by big tech companies and its impact on the S&P 500. Burry noted that the market has voted, and the results are clear.

Michael Burry warns of private credit risks

Michael Burry, known for his bets against the housing market, warned of a big threat to the AI boom lurking in private credit.

Big companies continue hiring despite AI fears

Big companies are actively hiring people to work alongside AI, defying predictions of job wipeout. The latest jobless claims report is the lowest since 1969.

AI trading automation grows

AI trading automation has transformed the investment landscape with tools like copy trading, agentic trading, and conversational interfaces. Platforms like Alphio AI offer comprehensive suites of AI-powered trading tools.

Our Bond to host investor webinar

Our Bond will host an investor webinar on July 29 to discuss new validation for its AI-powered personal security platform.

Marvell Technology vs. UiPath

Marvell Technology and UiPath reported quarterly revenues, with Marvell at $1.4 billion and UiPath at $240 million. UiPath's growth rate is accelerating, narrowing the gap with Marvell.

Amazon and Microsoft spend big on AI

Amazon and Microsoft are spending $400 billion on AI, and investors are watching for returns. The companies' cloud computing businesses, AWS and Azure, are under scrutiny.

Dan Ives bullish on Nvidia

Dan Ives is bullish on Nvidia, citing a 12-to-1 demand-to-supply ratio for Nvidia chips. He believes the AI investment cycle is just beginning.

Nielsen launches Ad Intel AI

Nielsen launched Ad Intel AI, a platform that transforms fragmented ad data into actionable intelligence. The platform aims to provide real-time media intelligence.

SalesCloser expands AI sales platform

SalesCloser expanded its AI sales platform globally via a new deal with wellness software firm Xennox Solutions.

Sources

NOTE:

This news brief was generated using AI technology (including, but not limited to, Google Gemini API, Llama, Grok, and Mistral) from aggregated news articles, with minimal to no human editing/review. It is provided for informational purposes only and may contain inaccuracies or biases. This is not financial, investment, or professional advice. If you have any questions or concerns, please verify all information with the linked original articles in the Sources section below.

Nvidia Safe Superintelligence Ilya Sutskever AI Investment Partnership Vera Rubin Compute Power Research AI Research AI Startup AI Development AI Boom Private Credit Michael Burry Job Market AI Trading Automation Alphio AI Investor Webinar Our Bond Personal Security Platform Marvell Technology UiPath Amazon Microsoft Cloud Computing AWS Azure Dan Ives Demand-to-Supply Ratio AI Investment Cycle Nielsen Ad Intel AI Real-Time Media Intelligence SalesCloser AI Sales Platform Xennox Solutions

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