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In March 2021, Altman and investment banker Michael Klein co-founded AltC Acquisition Corp, a special-purpose acquisition company (SPAC), where he is also the CEO. [2] [74] In May 2024, Oklo Inc. completed a merger with the SPAC to become a public company. Altman remained as chairman of Oklo following the merger. [75]
Sam Altman has personally disputed an accusation now at the center of Elon Musk's federal racketeering lawsuit against him: Musk's claim that OpenAI investors must agree to a fund-no-competitor ...
Sam Altman's new joint AI venture, Stargate, has drawn criticism from Elon Musk. Musk said on X that Stargate didn't have the funds to build AI infrastructure. Altman has responded.
With the company in the process of raising new funds at a valuation somewhere north of $100 billion, the non-profit structure is proving increasingly awkward. For investors, a change means a more ...
OpenAI investors want Sam Altman back. Like many, they were shocked when the company’s board abruptly fired the high-profile CEO on Friday. Now, Microsoft, Thrive Capital, Tiger Global ...
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 ...