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In 2005, at the age of 19, [17] Sam Altman co-founded Loopt, [18] a location-based social networking mobile application. As CEO, he raised more than $30 million in venture capital for the company, including an initial investment of $5 million from Patrick Chung of Xfund and his team at New Enterprise Associates , followed by investments from ...
The "Stargate" term dates back to 2024, when OpenAI and Microsoft started developing a $100 billion AI supercomputer. [10] [11]On January 21, 2025, President Donald Trump announced the venture at a White House press conference, accompanied by Sam Altman from OpenAI, Larry Ellison from Oracle and Masayoshi Son from SoftBank.
The new entity will likely be a public benefit corporation registered in Delaware, OpenAI said. Such a business is a traditional for-profit, but with a stated mission to "produce a public benefit."
A war of words between Elon Musk and Sam Altman escalated on social media Thursday, as two of the most powerful men in tech sparred over their rival artificial intelligence initiatives.
Some of the investment will come from OpenAI CEO Sam Altman, who also provided the initial $180 million to seed the startup. The fundraising is being led by Italian financier Sandro Salsano, who ...
CEO Sam Altman could receive equity, with OpenAI reportedly in talks to raise fresh funds at a valuation of $150 billion. OpenAI is working to revamp its structure into a for-profit business ...
Wired editor-at-large Steven Levy compared the removal of Altman to the removal of Steve Jobs from Apple in 1985, [105] a comparison made by The New York Times. [106] Axios posed that the board could resign, returning OpenAI to Altman. [62] Writing for The New York Times, Ezra Klein noted the role of OpenAI's controlling non-profit in self ...
Yesterday evening I reported that the University of Michigan wrote a $75 million check to a new fund from Sam Altman’s ... The endowment has also invested $18.7 million in an investment vehicle ...
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