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- OpenAI is run by Sam Altman, who co-founded it with Elon Musk.
- He was previously the president of Y-Combinator, a startup accelerator in Silicon Valley.
- This is how the serial entrepreneur got started — and how he ended up leading one of the most watched companies today.
Source: The New Yorker
He told The New Yorker that growing up gay in the Midwest, in the two-thousands, was not an amazing experience. "And I found AOL chat rooms were transformative. When you're eleven, twelve, secrets are terrible
Source: The New Yorker
After a Christian group boycotted Altman's school's assembly about sexuality, Altman became gay to the entire community.
Madelyn Gray, his college counselor, said that Sam's actions "changed the school." "It was like someone opened a huge box with all kinds of children and let them out into this world."
Source: The New Yorker
Source: The New Yorker
Source: The New Yorker and The Business of Business
It was almost equal to the amount it raised from investors at $43 million. Green Dot, a bank known for its prepaid cards, purchased the company.
Nick Sivo, one of Loopt's cofounders and Altman dated nine years but broke up after the company was sold.
It is not clear what Altman's net worth is at the moment.
Source: The Wall Street Journal. All Things Digital, Y Combinator. The New Yorker.
Altman invested 75% in YC companies and was the leader of Reddit's Series A fundraising round.
According to him, you want to invest in broken, messy companies. The warts can be treated on top and the company will be greatly underpriced because of them.
Source: How to Start A Startup
Source: Forbes
Mark Andreessen, cofounder and CEO of venture capital firm Andreessen Horowitz said that "Under Sam the level of YC’s ambition has gone up tenx."
Source: The New Yorker
Source: The New Yorker
Altman stated to the founders that he tried not to think too much about it in 2016. Altman stated that he had guns, gold, potassium Iodide and batteries. He also has water and gas masks from Israel's Defense Force.
Source: The New Yorker
Source: The New Yorker
Startups known as "Moonshot" are those that are financially risky, but could be rewarded with a breakthrough development.
Source: Insider
"We talked about what the best thing that we could do to ensure that the future is bright." In 2015, Elon Musk spoke to The New York Times. We could either sit back or encourage regulation oversight. Or we could join the right structure with people who are deeply committed to the development of A.I. "In a safe and beneficial way for humanity."
Source: Insider, The New York Times
Source: Insider
Altman posted a Twitter thread saying he was voting against Trump "because I believe the principles that he stands for are an unacceptable threat to America."
He said that Peter Thiel was still working for YC at that time and "is a high-profile supporter of Trump" and that, "I disagree."
He said that YC would not fire anyone for supporting a nominee of the major party.
Thiel and YC stopped working together a few years later, in 2017, for unknown reasons.
Altman stated that he did not anticipate to speak to so many Muslims and Mexicans during his interviews.
Altman said that almost all the people he spoke to were willing to talk with him. However, they didn't want their names to be shared in fear of being "targeted" by Silicon Valley "people if they knew I voted in his favor." Altman stated that one of the Silicon Valley people Altman spoke to made him sign confidentiality agreements before he talked because she was afraid of losing her job as a supporter of Trump.
Source: Twitter, Sam Altman and Insider
Source: Insider
Altman stated that OpenAI has "never made any revenues" and had "no current plans for making revenue."
He said that he didn't know how he would generate revenue one day.
Source: TechCrunch
OpenAI stated on its blog that it wanted to improve our ability to raise capital and still serve our mission. "No pre-existing legal structures we know of strikes a right balance." OpenAI LP is a hybrid for-profit-nonprofit company that we call a 'capped profit' company.
Source: Insider, Fortune
Source: The Wall Street Journal. LinkedIn. Insider
Altman and OpenAI chief scientist Ilya Sutskever said that focusing on large language models was the best way to achieve AGI (or adjusted gross income).
Source: Fortune
Although the company was founded in 2020, it stopped operating in some countries in 2022 because of logistics problems. Recently, the company tweeted that it had reached 1,000,000 people and that they have onboarded more than 150,000 new crypto users.
Source: Bloomberg, Insider and Twitter
ChatGPT and DALL-E are both "generative" AI. This means that the bot creates its own art and text based on information it receives.
Altman tweeted after ChatGPT's release on November 30 that it had exceeded 1 million users in just five days.
Source: Insider. Insider. Twitter
Altman tweeted December 12th that ChatGPT was great for "fun creative inspiring" but not so good to search facts.
ChatGPT has recently begun testing ChatGPT Professional, a paid version that offers better access to the bot. Altman tweeted in December that OpenAI "will need to monetize them somehow at some point; compute costs are eye-watering."
Source: Insider. Insider. Twitter. Twitter.
Other venture capitalists had previously wanted to purchase shares from OpenAI employees, in a tender offering that valued OpenAI at approximately $29 billion.
Source: Insider, Fortune
Altman said that Helion was more than an investment for him. Altman said that OpenAI is the other thing I spend a lot time on. It's just a great place to be.
TechCrunch reported that he was "happy" that there is a fusion race, to create a low-cost system of fusion energy that could eventually power the Earth.
Source: TechCrunch, CNBC
ChatGPT Plus users who pay $20 per month get the following benefits: faster response times from the bot, use of the site even in high traffic periods, first access to new features, ChatGPT enhancements, and first access.
OpenAI stated that the subscription is only available to US residents. It will begin inviting those on the waiting list to sign up in the coming weeks.
Source: OpenAI
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By: bnguyen@insider.com (Britney Nguyen)
Title: Meet OpenAI CEO Sam Altman, who learned to code at 8 and is a doomsday prepper with a stash of gold, guns, and gas masks
Sourced From: www.businessinsider.com/sam-altman-chatgpt-openai-ceo-career-net-worth-ycombinator-prepper-2023-1
Published Date: Wed, 01 Feb 2023 19:37:56 +0000
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