Re:Ilya Sutskever's SSI Inc raises $1B
by SpicyLemonZest on Wednesday September 04, 2024 @11:13AM
(#41446727)
The company's pitch isn't exactly a secret. The one and only thing they're planning to do is build an ML model smarter than a human being, which would be immensely valuable for a wide variety of tasks that currently require human input. You see a lot of commentators jumping through hoops to deny that anyone could believe this is possible in the near future, but clearly they and their investors do.
How is this going to ever pay the investors back? How is it going to raise more money at such an insane valuation?
I just dont see how you justify such a crazy valuation from day 1 financially.