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OpenAI Co-founder Sutskever’s Startup SSI in Talks for $20 Billion Valuation

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Safe Superintelligence (SSI), a startup co-founded by OpenAI’s former chief scientist Ilya Sutskever, is reportedly in discussions to raise funding at a valuation of $20 billion. This would mark a significant increase from its previous $5 billion valuation during a September funding round, where it raised $1 billion from investors like Sequoia Capital, Andreessen Horowitz, and DST Global.

SSI’s talks come at a time when high-profile AI ventures are facing a reappraisal of their valuations following Chinese startup DeepSeek’s release of a cost-effective AI model. Despite not yet generating any revenue, SSI’s mission is to develop “safe superintelligence” that is both smarter than humans and aligned with human interests. However, much of the company’s work and approach remains under wraps, fueling intrigue among investors.

The company’s founders include Daniel Gross, previously of Apple, and Daniel Levy, a former OpenAI researcher. While SSI’s approach to AI is still not widely known, Sutskever’s reputation for groundbreaking work in AI, particularly in scaling and inference techniques, has garnered significant attention. SSI’s focus on “scaling in peace” aims to insulate progress from short-term commercial pressures, a stark contrast to the trajectory of OpenAI, which shifted to commercial products after the success of ChatGPT in 2022.

The conversation around SSI’s valuation highlights the ongoing competition in the AI space, with OpenAI in talks to potentially double its valuation to $300 billion, and rival Anthropic nearing a funding round that would value it at $60 billion.

ElevenLabs Secures $180 Million in Series C Funding, Valuation Hits $3.3 Billion

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Voice AI startup ElevenLabs announced on Thursday that it has raised $180 million in a Series C funding round, bringing the company’s valuation to $3.3 billion, tripling its previous worth. The round was co-led by Andreessen Horowitz and Iconiq Growth, with participation from new investors such as NEA, World Innovation Lab, Valor, Endeavor Catalyst Fund, and Lunate.

The surge in investment comes as venture capitalists look to capitalize on the growing commercial potential of generative AI products following the success of OpenAI’s ChatGPT. Based in London, ElevenLabs plans to use the new funds to further research into more expressive and controllable voice AI, create new products, and expand its tools for developers and businesses.

Since its founding in 2022, ElevenLabs has raised a total of $281 million. The company offers AI-generated voice tools that can create voices in different languages, accents, and emotional tones. CEO Mati Staniszewski emphasized that the goal of the funding is to create digital interactions that feel as natural and effortless as human conversations.

In 2024, ElevenLabs expanded its product offering to include speech generation, voice design, sound effects, and AI-driven dubbing in 32 languages. It has also forged partnerships with major publishers like The New Yorker, The Washington Post, and The Atlantic, as well as gaming studios such as Paradox and Cloud Imperium Games.

Existing investors such as Sequoia Capital, Salesforce Ventures, Smash Capital, and SV Angel are also increasing their backing.

 

Venture Capitalist Ben Horowitz Pledges Donation to Vice President Kamala Harris’ Campaign

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Venture capitalist Ben Horowitz, co-founder of Andreessen Horowitz, revealed plans to donate to Vice President Kamala Harris’ election campaign, despite previously pledging support to Donald Trump’s political action committees. In a letter to employees, Horowitz explained that his donation was driven by a longstanding personal friendship with Harris and her support over the past decade.

Horowitz and his wife, Felicia, have known Harris for over 10 years, and their close relationship motivated them to contribute financially to entities supporting the Harris-Walz campaign, as confirmed by CNBC. This move marks a notable shift after the firm’s earlier financial backing of Trump’s 2024 bid, which was attributed to their focus on defending policies favoring “Little Tech”—a term they use to describe smaller tech companies and startups.

Horowitz’s Letter and Motivation

In his letter, Horowitz updated his employees on his recent political activities. He wrote:
“As I mentioned before, Felicia and I have known Vice President Harris for over 10 years, and she has been a great friend to both of us during that time. As a result of our friendship, Felicia and I will be making a significant donation to entities that support the Harris-Walz campaign.”

While Horowitz expressed confidence in Harris based on their personal conversations, he noted that her team has not yet made clear their official tech policy, meaning Andreessen Horowitz, as a firm, has not altered its broader political stance. The firm has been highly critical of the Biden administration‘s policies regarding startups and cryptocurrency, positioning their political donations primarily in defense of these sectors.

Support for Trump and “Little Tech”

Horowitz’s decision to support both Harris and Trump highlights a complex political balancing act within Silicon Valley’s venture capital community. In July, Horowitz and Marc Andreessen voiced concerns about Big Tech regulation and policies they believed could stifle smaller tech companies and innovation. Their decision to donate to Trump’s campaign was framed around defending these principles.

Andreessen Horowitz has been outspoken in protecting the interests of smaller tech firms, especially in response to the current administration’s regulatory stance on startups and cryptocurrency. They outlined their position in a blog post in July, stating, “Our political efforts as a firm are entirely focused on defending Little Tech. We do not engage in political fights outside of issues directly relevant to Little Tech.”

A Split Political Strategy

Horowitz’s decision to financially back candidates from both major political parties suggests a strategic approach to ensure influence over policies critical to Silicon Valley’s interests. While he acknowledges Harris’ contributions as a personal friend, the firm’s leadership remains focused on advocating for pro-tech policies that benefit their investments in emerging technologies and startups.

This dual-track strategy illustrates the tensions many tech leaders face in navigating the political landscape while protecting the innovation ecosystem they rely on.