Breaking news

Ilya Sutskever Launches New AI Company

Ilya Sutskever, a co-founder of OpenAI, has launched a new company, Safe Superintelligence Inc. (SSI), just one month after formally departing from OpenAI.

Sutskever, who served as OpenAI’s chief scientist for many years, established SSI with former Y Combinator partner Daniel Gross and former OpenAI engineer Daniel Levy.

At OpenAI, Sutskever played a crucial role in enhancing AI safety amidst the advent of “superintelligent” AI systems. He collaborated closely with Jan Leike, who co-led OpenAI’s Superalignment team. However, both Sutskever and Leike left OpenAI in May following a significant disagreement with the company’s leadership regarding AI safety strategies. Leike is now leading a team at the rival AI firm Anthropic.

Sutskever has long focused on the complex challenges of AI safety. In a 2023 blog post co-authored with Leike, he predicted that AI with intelligence surpassing human capabilities could emerge within the next decade. He emphasized that such AI might not necessarily be benevolent, highlighting the urgent need for research into methods to control and restrain it.

Digital Transactions: A Green Approach To Finance In Cyprus

As Cyprus increasingly embraces digital transactions, the environmental benefits of this shift are becoming evident. A recent report highlights that digital payments significantly reduce the carbon footprint associated with traditional banking operations. By decreasing the reliance on physical branches, paper-based processes, and the transportation of cash, digital transactions are contributing to a more sustainable financial ecosystem. This transition is in line with global initiatives to combat climate change and underscores Cyprus’ commitment to promoting a cleaner, more efficient financial landscape.

Digital transactions are not only more convenient and efficient but also significantly less resource-intensive. Traditional banking often involves extensive paperwork, the use of physical infrastructure, and the transportation of money, all of which contribute to higher carbon emissions. In contrast, digital transactions streamline these processes, resulting in lower energy consumption and reduced waste.

The environmental advantages of digital transactions are complemented by their economic benefits. By lowering operational costs and enhancing transaction speed and security, digital payments provide a compelling case for broader adoption. This shift supports sustainable development goals and aligns with the global push towards greener, more resilient economies.

Furthermore, the widespread adoption of digital transactions in Cyprus is expected to drive innovation within the financial sector. With the integration of advanced technologies such as blockchain and artificial intelligence, the digital financial landscape is set to become even more efficient and secure. These innovations not only enhance user experience but also contribute to environmental sustainability by further reducing the need for physical resources.

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter