Ilya Sutskever's SSI Inc raises $1B

Re:Ilya Sutskever's SSI Inc raises $1B by CuriouslyC on Wednesday September 04, 2024 @11:00AM (#41446579)

There are actually a ton of reasons to like London. The engineering talent is close to bay level for fintech/security systems engineers while being 60% of the price, it has 186% deductions with cash back instead of carry forward for R&D spending, it has the best AI researchers in the world and profit from patents is only taxed at 10% in the UK.

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Re:Ilya Sutskever's SSI Inc raises $1B by christianqchung on Wednesday September 04, 2024 @11:41AM (#41447084)

If London has the best AI researchers in the world, why are all the top companies (minus Mistral) American?

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Re:Ilya Sutskever's SSI Inc raises $1B by CuriouslyC on Wednesday September 04, 2024 @12:05PM (#41447363)

People are choosing headquarters for access to capital capital rather than talent. That should tell you a lot about the current dynamics of the AI boom.

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Re:Ilya Sutskever's SSI Inc raises $1B by HaukeHi on Wednesday September 04, 2024 @12:03PM (#41447342)

Demis Hassabis says that half of all innovations that caused the recent AI boom came from DeepMind, which is London based.

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Re:Ilya Sutskever's SSI Inc raises $1B by riku_iki on Wednesday September 04, 2024 @02:03PM (#41448652)

his opinion is obviously biased.

If we say that half of innovations came from Alphabet/Google, then most of them (transformers, LLMs, tensorflow) came from Google Research and not Deep Mind.

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Re:Ilya Sutskever's SSI Inc raises $1B by seanf on Wednesday September 04, 2024 @11:55AM (#41447250)

Google Deepmind is based in London.

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