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Re:Ilya Sutskever's SSI Inc raises $1B by delusional on Wednesday September 04, 2024 @10:32AM (#41446291)
This explains what would need to be true for this to make sense, but i doesn't explain how it makes sense right now.

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.

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.