Ilya Sutskever’s AI startup, Safe Superintelligence, is reportedly nearing a major fundraising milestone, with a potential valuation of over $30 billion, exceeding the $20 billion valuation reported just a few weeks ago, and could raise more than $1 billion.

According to Bloomberg, the investment firm Greenoaks Capital Partners is poised to lead the funding round, committing $500 million. If the terms remain unchanged, this injection of capital would bring Safe Superintelligence’s total funding to approximately $2 billion.

As a highly regarded figure in the AI and broader tech industries, Sutskever has made significant contributions to AI advancements during his tenure at OpenAI. Notably, his technical approach played a crucial role in enabling the development of ChatGPT.

Safe Superintelligence’s founding team also includes notable figures such as Daniel Levy, a former OpenAI researcher, and Daniel Gross, who previously led Apple’s AI projects. The startup has secured funding from prominent investors, including Sequoia Capital, Andreessen Horowitz, and DST Global. Currently, Safe Superintelligence is not generating revenue and does not plan to commercialize AI products in the near future.