$1B for "safe AGI" startup *?***

Some say: "Wow, 10-month-old Placy raised €1M for R&D.” But the real wow is $1B to study "safe superintelligence" for 3-month-old SSI Inc.! Ten team members. $5B valuation. Fundraising mastery!

Ilya Sutskever's new venture will spend the next three years on research “without commercial pressure” before launching any AI products

Safe AGI… Maybe they mean safe from running out of cash?

#Fundraising #Superintelligence #Sutskever #AGI #SSI

More colors on this round in the Forbes | Future Media article. Kudos to Marios Roussos!

#Placy #Forbes #Fundraising

The Future Summit

Inside The €1 Million Pre-Seed Round, Fuelling Placy’s Ambitions - The Future Media

From A Spark of An Idea to A Successful Pre-Seed Round

Anecdote from the age of AI

I told my friends that I have a date with a beautiful girl. They teased me, saying she's imaginary. The irony is they’re imaginary too ?

#AI #fun

Disease of AI, Model Autophagy Disorder (MAD), gives alarmists a reason to relax: human extinction seems unlikely

MAD is what happens when AI models train on data generated by other models. It degrades without fresh human data (example)

So look, if AGI aims to rule the world, it needs humans (Matrix-style?) to keep the vibe fun. Otherwise, it'll just end up eating itself and forget all about robot world domination ???

#AI #ModelAutophagyDisorder #RobotWorldDomination #MAD

Join the Startup World Cup Final 2024 this Thursday! I’ll be one of the speakers on the panel Made in Cyprus ??

Event on Linkedin
Registration and location

#startup #fundrising #Cyprus

Pavel Durov made a vital mistake when he got French citizenship 3 years ago. EU bureaucrats have a small interest in innovations, but a big appetite to “regulate” what others create ?

Our main product, the Placy Pro B2B tool, is connecting with its first clients. But how’s R&D going on the B2C assistant side?

? Placy now responds with Perplexity-like real-time search data
?We built a Knowledge Data Base (all about Cyprus property law, geo, realtor slang, etc.) the best ever made in the country
?Multi-agent system, scalable-n-secure Azure infrastructure, 22 micro-services, 39 repositories
? x2 faster, x3 cheaper, +42% smarter, +28% reasoning and natural language processing capabilities
? She has a new blouse :)

? Meet Placy v.0.3 here

~1k users made ~5k property searches this summer, and about 10% of them are still with her. Honestly, I’m not quite sure if these numbers are great or not—would love your thoughts, community. If you think it’s fine, drop a strawberry ? Or a banana ? if you feel it might be more users even at this R&D phase

#Placy #AIAssistant #startup #MVP

Amazon now hires more robots than humans ?

In 2024, their robot count jumped to 750k (up from 520k in 2022), while the human workforce dropped by 100k (from 1,6M to 1,5M folks)

Machines are taking over tasks once done by people

#RobotsVsHumans #Automation