OpenAI Secures $10B in One Week—But It’s Also Burning Cash at Record Speed
A day after announcing a $6.6 billion venture round, OpenAI secured a $4 billion credit line from banks.
Sam Altman
Cofounder and CEO of OpenAI, Sam Altman is an investor and entrepreneur. After briefly studying computer science at Stanford University, Altman dropped out to found the location-based social networking service, Loopt, with seed funding from startup accelerator Y Combinator. He later became president of Y Combinator and co-founded venture capital firm Hydrazine Capital with his brother, Jack Altman. Sam Altman co-founded OpenAI as a non-profit with Reid Hoffman, Jessica Livingston, Elon Musk, Ilya Sutskever, Peter Thiel and several other backers in 2015. Today, OpenAI is the for-profit artificial intelligence research company behind the large language models (LLMs) GPT-3, GPT-3.5 and GPT-4, as well as ChatGPT and DALL-E–technologies poised to change the future of work. Altman has famously said that while generative artificial intelligence might replace jobs and fund UBI, it will also generate new jobs. Sam Altman’s net worth was estimated at $350 million in 2023.
News About Sam Altman
Sam Altman Could Be Worth $13B as OpenAI Seeks Restructuring
Without OpenAI equity, Sam Altman is already worth $2 billion.
SoftBank’s Masayoshi Son Says A.I. Will Soon Be 10,000 Times Smarter Than Humans
Human happiness will be A.I.'s "greatest reward," according to SoftBank CEO Masayoshi Son.
