Sam Altman is an American businessman, programmer, and investor. He grew up in St. Louis, Missouri, USA, and studied computer science at Stanford University. He dropped out of school to start a business in 2005 and has built a net worth of up to 2 billion USD. He is best known as the CEO of the private artificial intelligence research organization OpenAI and the former president of the technology startup Y Combinator.
Sam Altman is an angel investor who has invested in companies such as Asana, Zenefits, Instacart, Soylent, and Airbnb. He first hit the billionaire USD level in January 2023 after OpenAI completed a funding round from Microsoft. He co-founded Loopt, a mobile app and social network that helps smartphone users share their location.
Sam Altman was a part-time partner for Y Combinator, a tech startup that has helped fund 3,000 companies. In 2014, he became the company’s new president and created YC Continuity, a hedge fund. In 2016, he became president of the YC Group but resigned in 2020 to focus on OpenAI.
OpenAI was founded in 2015 with funding from Sam Altman and Elon Musk. It is headquartered in San Francisco’s Mission District and has become a rival to Google. Altman received $1 billion in funding when he flew to Seattle to demonstrate his latest AI model to Microsoft CEO Satya Nadell.
The deal with Microsoft gave OpenAI the resources it needed to train and improve AI algorithms, leading to breakthroughs such as AI Dall-E 2 and ChatGPT. Sam Altman’s new approach helps OpenAI investors get a return, but breaks the company’s non-profit principle. He is accused of going against the purpose of making research transparent and avoiding enriching shareholders.
Sam Altman is an important figure in the world of business investing, having invested in major companies such as Airbnb, Reddit, Pinterest, Instacart, Vicarious, Soylent, Verbling, and Stripe. He recently confirmed his business intentions for OpenAI, which has generated tens of millions of dollars in revenue and is expected to reach $1 billion in annual revenue. According to Celebritynetworth, his net worth has reached 2 billion USD.