Sam Altman, an American entrepreneur with a mammoth brain, who is the CEO of Open AI, was asked by Senator John Kennedy during a US Senate panel that is examining AI if he makes “a lot of money”. This ignited interest in his net worth, as the 38-year-old is presently holding the reigns of a $29 billion company.
Sam Altman Does Not Have An Equity In Open AI
Sam Altman, born into a Jewish family, receievd his first computer at the age of 8. Since then, the then-curious brain continued to explore the mystery of technology. The Stanford University dropout, who is presently the CEO of Open AI, holds a net worth of over $500 million.
This includes his early-stage investments in companies like Airbnb, Reddit, Stripe, and Pinterest. Open AI, however, has a valuation of over $29 million, but Altman does not have an equity stake in the AI-powered startup behind the insane ChatGPT tool and digital image creator, DALL-E.
Altman, who managed to raise $1 billion with Open AI’s launch in 2015, was asked by Senator John Kennedy during a US Senate panel that is examining AI if he makes “a lot of money”. The young tech entrepreneur humbly responded, “No. I’m paid enough for health insurance and have no equity in OpenAI. I’m doing this because I love it.”
Altman testified before Congress on Tuesday as the release of OpenAI’s ChatGPT in November sparked talk of an “AI revolution.” Talk quickly turned into both hype and fear. As companies and social media users touted AI’s possibilities, some concerned tech executives called for a slowdown in AI’s rapid development.
What’s Sam Altman’s Source Of Income?
His source of income comes from his investments in technology startups and nuclear energy companies, which include companies like Stripe, Reddit, Pinterest, Teespirng, Instacart, Airbnb, and Soylent. He is also the chairman of two nuclear energy companies, Helion and Oklo.
Altman (38) has invested in over 82 companies, and his most recent investment came in May when he joined a Series A funding round in campus.edu that raised $29 million. Before AI business, the Chicago native opened a geo-tracking company named Loopt in 2005. At just 19, he dropped out of college to start his own business, and the rest is history.