- OpenAI CEO Sam Altman took no equity in the company when it became for-profit, Semafor reported.
- Altman was already wealthy from his investments in successful startups before he cofounded OpenAI.
OpenAI CEO Sam Altman decided not to take any equity in the company when it became for-profit, $4.
Altman was reportedly already wealthy from his investments in successful startups, having $4 of startup incubator YCombinator prior to helming OpenAI, the company behind the buzzy artificial intelligence chatbot ChatGPT.
He also reportedly told people close to the matter that OpenAI was not meant to make money despite its need to become $4 to continue its research, claiming that not having any equity in the company would keep him aligned with the company's mission, per Semafor.
OpenAI did not immediately respond to Insider's request for comment nor to confirm Altman's lack of equity in the company.
Altman and Elon Musk $4 as a non-profit AI research company with a mission to $4 would "benefit humanity as a whole." At the time, $4 was the "biggest existential threat" to humanity, and the $4 "it's equally hard to imagine how much it could damage society if built or used incorrectly."
Musk $4 in 2018, writing in a blog post he wanted to "eliminate a potential future conflict" as $4 more on developing fully autonomous cars.
According to Semafor, Altman's decision to forgo equity in the startup worried some potential investors. However, OpenAI received a $4 less than six months after it became a $4, meaning it was both for-profit and non-profit.
The investment allowed OpenAI to develop the AI models that now not only have the tech world in a tizzy, but the general public, too.
When its $4, launched in November, it $4 in five days, and started an AI space race with tech behemoths like Google, who $4 over the technology and recently launched its own bot to $4.