No Result
View All Result
  • Login
Monday, September 15, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Ilya Sustkever’s SSI declines Meta acquisition offer – report

by FeeOnlyNews.com
3 months ago
in Business
Reading Time: 2 mins read
A A
0
Ilya Sustkever’s SSI declines Meta acquisition offer – report
Share on FacebookShare on TwitterShare on LInkedIn


Safe Superintelligence (SSI), which has become one of the most intriguing companies in AI, even though it is yet to launch a product, declined an acquisition offer from Meta (Facebook) earlier this year, CNBC reports. In April SSI raised $2 billion at a company valuation of $32 billion.

SSI was founded last year by OpenAI founder and former chief scientist Ilya Sutskever, an Israeli-Canadian, Daniel Gross, a former Israeli who previously led AI initiatives at Apple, and Daniel Levy, who previously worked as a researcher at OpenAI. The company has offices in Palo Alto and Tel Aviv and has already hired a team of senior AI experts in Israel.





RELATED ARTICLES




SSI hiring dozens in Israel






Meta also reportedly failed to recruit Sutzkever himself directly into its ranks. Following the rejection, Meta CEO Mark Zuckerberg reached out to one of SSI’s founding partners, Daniel Gross, as well as his partner in managing the NFDG investment fund he heads, Nate Friedman, “The Information” reports.

Gross and Friedman are expected to join Meta and work under Alexandr Wang, founder of Scale AI, who was recently hired as part of a huge $14.3 billion investment by Meta, in exchange for 49% of Scale. At the same time, according to the report, Meta is also expected to acquire a stake in the NFDG fund, which was founded, by Gross and Friedman. Its investments include companies such as Coinbase, Figma, CoreWeave, Perplexity and Character.AI. According to the report, it is unclear at this stage what will happen to the fund’s investment portfolio after Meta enters the picture.

A Meta spokesperson told CNBC the company “will share more about our superintelligence effort and the great people joining this team in the coming weeks.”

Published by Globes, Israel business news – en.globes.co.il – on June 22, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: acquisitionDeclinesIlyaMetaofferReportSSISustkevers
ShareTweetShare
Previous Post

This millennial was rejected from 200 jobs—now he makes millions charging wealthy families six-figures to get their kids into the Ivy Leagues

Next Post

The Sunday Morning Movie Presents: In The Soup (1992) Run Time: 1H 33M

Related Posts

Australia’s financial regulator slaps a 0 million fine on ANZ, its largest ever on a single entity

Australia’s financial regulator slaps a $160 million fine on ANZ, its largest ever on a single entity

by FeeOnlyNews.com
September 15, 2025
0

Australia’s ANZ, one of the country’s “big four” banks, has agreed to pay a record fine of $240 million Australian...

Trump says he doesn’t want to ‘frighten off’ investors as ICE Hyundai raid sparks Korean outrage

Trump says he doesn’t want to ‘frighten off’ investors as ICE Hyundai raid sparks Korean outrage

by FeeOnlyNews.com
September 15, 2025
0

President Donald Trump on Sunday said foreign workers sent to the United States are “welcome” and he doesn’t want to...

Construction begins on Israel’s tallest residential tower

Construction begins on Israel’s tallest residential tower

by FeeOnlyNews.com
September 15, 2025
0

Israel's tallest residential tower will be built in the heart of Ramat Gan's Diamond Exchange district. Ramat Ran Municipality...

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

by FeeOnlyNews.com
September 14, 2025
0

After nearly a year of time correction and muted returns, Kotak Mutual Fund’s Atul Bhole believes the stock market’s risk-reward...

Dollar steadies ahead of Fed meeting

Dollar steadies ahead of Fed meeting

by FeeOnlyNews.com
September 14, 2025
0

The dollar held steady on Monday ahead of a pivotal week filled with central bank decisions led by the Federal...

Trump says he doesn’t want to ‘frighten off’ foreign investment after ICE raid on Korean plant

Trump says he doesn’t want to ‘frighten off’ foreign investment after ICE raid on Korean plant

by FeeOnlyNews.com
September 14, 2025
0

President Donald Trump on Sunday said foreign workers sent to the United States are “welcome” and he doesn’t want to...

Next Post
The Sunday Morning Movie Presents: In The Soup (1992) Run Time: 1H 33M

The Sunday Morning Movie Presents: In The Soup (1992) Run Time: 1H 33M

Why the Rolex rally is on pause in 2025

Why the Rolex rally is on pause in 2025

  • Trending
  • Comments
  • Latest
1 Stock to Buy, 1 Stock to Sell This Week: Walmart, Target

1 Stock to Buy, 1 Stock to Sell This Week: Walmart, Target

August 17, 2025
Of Property Rights, Civil Society, and Shampoo

Of Property Rights, Civil Society, and Shampoo

September 1, 2025
Engine Capital takes a stake in Avantor. Activist sees several ways to create value

Engine Capital takes a stake in Avantor. Activist sees several ways to create value

August 16, 2025
James Galbraith: Crash in Top Economist Hiring Contradicts Elite-Favoring “Skill Biased Technical Change” Theory

James Galbraith: Crash in Top Economist Hiring Contradicts Elite-Favoring “Skill Biased Technical Change” Theory

September 2, 2025
Vanguard reaches .5M SEC settlement

Vanguard reaches $19.5M SEC settlement

August 29, 2025
RBC wealth revenue rises despite recruiting costs

RBC wealth revenue rises despite recruiting costs

August 27, 2025
Trump says he doesn’t want to ‘frighten off’ investors as ICE Hyundai raid sparks Korean outrage

Trump says he doesn’t want to ‘frighten off’ investors as ICE Hyundai raid sparks Korean outrage

0
5 fintechs that could IPO after Klarna

5 fintechs that could IPO after Klarna

0
Leerink Partners Remains Bullish on Merck & Co. (MRK)

Leerink Partners Remains Bullish on Merck & Co. (MRK)

0
Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

0
Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

0
UK Trade Groups Push for Blockchain Inclusion in Tech Deal With U.S.

UK Trade Groups Push for Blockchain Inclusion in Tech Deal With U.S.

0
5 fintechs that could IPO after Klarna

5 fintechs that could IPO after Klarna

September 15, 2025
Australia’s financial regulator slaps a 0 million fine on ANZ, its largest ever on a single entity

Australia’s financial regulator slaps a $160 million fine on ANZ, its largest ever on a single entity

September 15, 2025
Trump says he doesn’t want to ‘frighten off’ investors as ICE Hyundai raid sparks Korean outrage

Trump says he doesn’t want to ‘frighten off’ investors as ICE Hyundai raid sparks Korean outrage

September 15, 2025
Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

September 15, 2025
Construction begins on Israel’s tallest residential tower

Construction begins on Israel’s tallest residential tower

September 15, 2025
Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

September 14, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • 5 fintechs that could IPO after Klarna
  • Australia’s financial regulator slaps a $160 million fine on ANZ, its largest ever on a single entity
  • Trump says he doesn’t want to ‘frighten off’ investors as ICE Hyundai raid sparks Korean outrage
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.