Ilya Sutskever's SSI: reportedly valued at $32B (2025), 28 months old, zero models shipped. How long can it last? Our read from three precedents (Inflection, Adept, https:// Character.AI): runway isn't about how much money a frontier lab has, but whether it chases the frontier
SSI valued at $32B with zero models shipped in 28 months
Ilya Sutskever's SSI is reportedly valued at $32B after 28 months without shipping a model. Analysis of Inflection, Adept and Character.AI suggests runway depends on chasing the frontier, not cash.