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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.
Stine said Google and Amazon’s investments are “truly just the beginning of a multi-decade megatrend.” ... Sam Altman owned a 2.6% stake in the company, according to a regulatory filing in ...
Quantitative hedge fund, High-Flyer, built a 100 billion yuan ($13.79 billion) portfolio using artificial intelligence models to make investment decisions, but in 2023 decided to change track to ...
Meta promised a new "leading state of the art" AI model and pledged more investment. Tech leaders and their companies have reacted with admiration and insights after AI company DeepSeek launched ...
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 ...
The company was founded in 2005 and received initial funding from Y Combinator, [2] and completed Series A and B financing led by Sequoia Capital [3] and New Enterprise Associates. [4] The company's board members included TiVo -founder Mike Ramsay and Greg McAdoo of Sequoia Capital. [ 5 ]