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Some VCs are over the Sam Altman hype
  + stars: | 2024-03-26 | by ( Darius Rafieyan | ) www.businessinsider.com   time to read: +8 min
In late 2023, when OpenAI sought $300 million from investors, CEO Sam Altman chose a different approach. In some corners of this clubby world, over $7 coffee and artisanal cocktails, the meteoric rise of OpenAI and Sam Altman is giving way to an inevitable backlash. "He's a kingmaker," a Silicon Valley startup founder and angel investor who knows Altman. Sam Altman and OpenAI did not respond to requests for comment. A certain somethingMany of the VCs who spoke with BI said Altman has a certain something.
Persons: , OpenAI, Sam Altman, Altman, they'd, I've, Ali Ghodsi, Altman's, Ghodsi, Steve Jobs's, Paul Graham, he's, Sam, Jack Altman, It's, it's, Elon, Alexander the Great, Adam Neumann Organizations: Service, NEA, Business, Altman's, The Washington Post, The, YC, BI, WeWork Locations: Sequoia, Silicon Valley, The, San Francisco
Reddit filed for an IPO, revealing nearly 10% of its shares are owned by entities related to Sam Altman. AdvertisementLast week, not long after Reddit made moves toward a public listing, headlines began to appear about an unexpected figure: Sam Altman. For example, Hydrazine Capital II is listed as owning nearly 9.9 million shares of Reddit. But Altman, at most, owns 5% of Hydrazine Capital II's holdings, or 492,720 of its Reddit shares. AdvertisementThe various entities point to a side of Altman — Altman the investor — that has receded from view since he has become known to the public as OpenAI's CEO.
Persons: Reddit, Sam Altman, Altman, , tech's, Reddit's, that's, he's, Chris Harvey, Altman — Altman, ADVs, Peter Thiel, Cruise, Steve Huffman, Alexis Ohanian Organizations: Service, Business, Securities and Exchange Commission, Harvey, Apollo, Apollo Projects, SPV, SEC, Investors, University of Michigan, Helion Energy, Facebook, Google Locations: Altman
OpenAI’s Cast of Characters
  + stars: | 2023-11-22 | by ( Jennifer Korn | Paul Glader | ) edition.cnn.com   time to read: +12 min
Before OpenAI, Altman was president of Y Combinator, mentoring a host of founders and expanding his network in Silicon Valley. “We are encouraged by the changes to the OpenAI board,” he wrote on X on Wednesday. Mira MuratiNamed by the OpenAI board as Altman’s interim successor on Friday, Murati was replaced by Shear before the weekend was done. In September, she joined the board of directors of Shield AI, a defense technology company building AI pilot technology for aircraft. Will HurdAfter joining the OpenAI board in 2021, Hurd was the third director to exit in 2023.
Persons: OpenAI, Sam Altman, Altman, Elon, Satya Nadella, OpenAI’s ChatGPT, Kiko, Emmett Shear, Y, Nadella, , Mira Murati, Murati, Shear, “ Mira, ” Nadella, Ilya Sutskever, Brockman, Sutskever, , we’ve, Adam D’Angelo D’Angelo, Mark Zuckerberg, D’Angelo, Forbes, ” Bret Taylor, Bret Taylor, Elon Musk, Taylor, Justin Kan, Tasha McCauley McCauley, Joseph Gordon, Levitt, McCauley, Greg Brockman Greg Brockman, Peter Thiel, Musk, Helen Toner Toner, AI’s, Toner, Joshua Kushner Kushner, Kushner, Jared Kushner, Karlie Kloss, Charles Kushner, Donald Trump, Larry Summers Summers, Obama, Clinton, Summers, Shivon Zilis, Zilis, Walter Isaacson, Will Hurd, Hurd, Nikki Haley, Reid Hoffman, Hoffman, OpenAI . Hoffman, He’s Organizations: CNN, Stanford University, Microsoft, OpenAI, Colby College, Dartmouth University, Tesla, Time, Phillips Exeter Academy, California Institute of Technology, Facebook, Twitter, Google, Yale University, Justin.tv, GeoSim Systems, Rand Corporation, Centre, Bard College, University of Southern, Harvard University, MIT, Elon, Georgetown’s Center for Security, Emerging Technology, Open, Oscar Health, Memphis Grizzlies, Harvard College, Harvard Business School, Republican, CIA, Allen & Company, Texas, M University, Reid Hoffman LinkedIn, PayPal, LinkedIn, Greylock Partners, SpaceX, Boring Company Locations: Silicon Valley, St, Louis , Missouri, OpenAI, Seattle , Washington, Israel, University of Southern California, North Dakota, Beijing, Georgetown, Canada, United States, Texas, Oxford
OpenAI's interim CEO Emmett Shear praised Sam Altman's dealmaking skills in a podcast interview. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementSam Altman, the ex-CEO of OpenAI who got ousted from the company, is more than just the face of ChatGPT. He's also known for his business superpower as a savvy dealmaker, at least according to Emmett Shear, now interim CEO of OpenAI. "Sam Altman is really good at raising money," Shear said on the podcast.
Persons: Emmett Shear, Sam Altman's, Shear, OpenAI CEO's, Altman, , Sam Altman, OpenAI, He's, Twitch, Logan Bartlett, Sam, Bartlett, Altman's, Y, Kevin Bacon, Peter Thiel, Rahul Vohra, Sundar Pichai, Lachy Groom Organizations: Microsoft, Service, Sprint, Verizon, Financial Times, Google Locations: Helion, Silicon Valley
OpenAI's board announced CEO Sam Altman is out, effective immediately. "We are grateful for Sam's many contributions to the founding and growth of OpenAI," a statement from OpenAI's board said. Prior to OpenAI, Sam Altman was the president of Y Combinator, after his startup Loopt was part of the accelerator's first class. Taking the reins from Altman as interim CEO is Murati, who formerly led the technology team at OpenAI. AdvertisementIf you have any insight into the culture at OpenAI or Sam Altman, please reach out to the author at mberg@businessinsider.com.
Persons: Sam Altman, Mira Murati, , ChatGPT, Altman, what's, OpenAI, Elon Musk, Greg Brockman, Trevor Blackwell, Reid Hoffman, Peter Thiel, Satya Nadella, Y Organizations: Service, Silicon, Microsoft, Google, MIT Technology, New Yorker, OpenAI Locations: OpenAI, openai
OpenAI's board of directors said Friday that Sam Altman will step down as CEO and will be replaced on an interim basis by technology chief Mira Murati. "The board no longer has confidence in his ability to continue leading OpenAI," the statement said. The board also said that Greg Brockman, OpenAI's president, "will be stepping down as chairman of the board and will remain in his role at the company, reporting to the CEO." Before taking over as CEO, Altman, 38, was president of startup accelerator Y Combinator and gained prominence in Silicon Valley as an early-stage investor. Microsoft CEO Satya Nadella made a surprise guest appearance during the event, joining Altman on stage to discuss the startup's AI technologies and its partnership with Microsoft.
Persons: Sam Altman, Mira Murati, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, OpenAI, Greg Brockman, what's, Murati, Mira, ChatGPT, Satya Nadella, Nadella, Elon Musk, Altman, rapt, Ted Lieu, Mike Johnson, Joe Biden, Xi Jinping, Altman didn't, — CNBC's Lora Kolodny Organizations: Tech, Conference, Georgetown Center for Security, Emerging Technology, Microsoft, OpenAI, U.S . Senate, House Democratic Caucus, Economic Cooperation, U.S Locations: Laguna Beach , California, Mira, Silicon Valley, Indonesia, Asia, Pacific, Singapore, India, China, South Korea, Japan, San Francisco
OpenAI CEO Sam Altman wants to have kids soon with his boyfriend, Oliver Mulherin. Before Mulherin, Altman was last known to be dating Nick Sivo, his cofounder of their startup Loopt. The leader behind the buzzy conversational AI chatbot told New York Magazine that he and his boyfriend, Oliver Mulherin, an Australian programmer, want to have kids soon. AdvertisementAdvertisementLike Altman, Mulherin seems to have an interest in AI. Before Mulherin, Altman was last known to be dating Nick Sivo; they were together for nine years, Altman told the New Yorker.
Persons: Sam Altman, Oliver Mulherin, Altman, Mulherin, Nick Sivo, , OpenAI, ChatGPT —, chatbot, Mulherin —, Ollie —, Narendra Modi, Sundar Pichai, Tim Cook, Altman's, David Sønstebø, Sivo, Altman didn't Organizations: White, Service, New York Magazine, New York Times, Tech, Apple, University of Melbourne, IOTA Foundation, New Locations: California, Australian, Russian, San Francisco, Napa , California, India
Sam Altman tracked how quickly Y Combinator founders responded to his daily emails and texts. During that time, he kept notes on how quickly founders responded to his daily emails and texts, according to New York Magazine's Elizabeth Weil. Neither Altman's blog post nor the New York Magazine profile specified Altman's expected response times to texts and emails. Altman responded that he had written a program to look at how quickly Y Combinator's best founders answer his emails versus the "bad" ones. It was a difference of minutes versus days on average response times," Altman said at the time.
Persons: Sam Altman, , Sam Altman —, Altman, New York Magazine's Elizabeth Weil, Tyler Cowen, Tyler, Y, OpenAI Organizations: New York Magazine, Service, OpenAI, Stanford University, York Magazine Locations: New York
Sam Altman, the CEO of OpenAI, said he got scurvy from working too hard on his first startup, Loopt. AdvertisementAdvertisementSam Altman, the CEO of OpenAI, may have learned how to manage his workload the hard way — through malnutrition, according to a New York Magazine profile. He told New York Magazine he worked so hard on building Loopt that he got scurvy — a vitamin-C deficiency that stems from not eating enough fruits and vegetables. After selling the company, Altman said, he took a year off and spent his free time reading books, traveling, and playing video games. AdvertisementAdvertisement"It changed my life," Altman told New York Magazine of the ashram.
Persons: Sam Altman, ChatGPT, , Altman, Nick Sivo, Loopt didn't, Loopt, Sivo —, I'm, Altman didn't Organizations: Service, New York Magazine, Stanford University, New, OpenAI Locations: Cambridge , Massachusetts
Sam Altman, CEO of OpenAI, said he got scurvy from working too hard on his start-up, Loopt. AdvertisementAdvertisementSam Altman, the CEO of OpenAI, may have learned how to manage his work load the hard way — through malnutrition, according to a New York Magazine profile. Before Altman started leading efforts behind ChatGPT, the buzzy conversational AI chatbot, he first stepped into the tech start-up world in 2004 when he was a sophomore at Stanford University. After selling the company, Altman said he took a year and off and spent his free time reading books, traveling, and playing video games. AdvertisementAdvertisement"It changed my life," Altman told New York Magazine in regard to the ashram.
Persons: Sam Altman, ChatGPT, , Altman, Nick Sivo, Loopt didn't, Loopt, Sivo —, I'm, Altman didn't, Sivo Organizations: Service, New York Magazine, Stanford University, US National Institutes of Health, New Locations: Cambridge , Massachusetts
New York CNN —For a few months in 2017, there were rumors that Sam Altman was planning to run for governor of California. Altman, the CEO and co-founder of OpenAI, the artificial intelligence company behind viral chatbot ChatGPT and image generator Dall-E, is set to testify before Congress on Tuesday. Maybe I’m wrong?’ Thank God someone with so much power has so much humility.”Others want Altman and OpenAI to move more cautiously. OpenAI co-founder & CEO Sam Altman speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 03, 2019 in San Francisco, California. Similar generative AI technology is quickly finding its way into productivity and search tools used by billions of people.
But, "you do at some point need to start having contact with reality," he told Insider. The plan was still only a rough sketch, Blania told Insider, but that didn't seem to matter to his host. "He always wanted to understand everything at a very deep level," Thrun told Insider in an email. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!
Altman told Insider, "We debate our approach frequently and carefully." "I don't think anyone can lose your dad young and wish he didn't have more time with him," Altman told Insider. Altman told Insider that his thinking had evolved since those posts. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!
Nowadays, the promise of social media as a unifying force for good has all but collapsed, and Zuckerberg is slashing thousands of jobs after his company's rocky pivot to the metaverse. Much like social media in 2012, the AI industry is standing on the precipice of immense change. And as Altman and his cohort charge ahead, AI could fundamentally reshape our economy and lives even more than social media. If social media helped expose the worst impulses of humanity on a mass scale, generative AI could be a turbocharger that accelerates the spread of our faults. Social media amplified society's issues, as Wooldridge puts it.
Sam Altman, CEO of OpenAI, walks from lunch during the Allen & Company Sun Valley Conference on July 6, 2022, in Sun Valley, Idaho. Sam Altman may be tech's next household name, but many Americans probably haven't heard of him. To anyone outside San Francisco, Altman would probably seem like just another young tech CEO. That worldview flared up into controversy in 2017 when Altman wrote a blog post criticizing political correctness, saying tech entrepreneurs were leaving San Francisco over it. "I realized I felt more comfortable discussing controversial ideas in Beijing than in San Francisco," he wrote.
With OpenAI technology, Microsoft CEO Satya Nadella is challenging Google's online search monopoly. "Who'd have thought, even just a few months ago, that Google would be on their back foot," said Soma Somasegar, a former Microsoft executive. Google was also busy incorporating machine-learning and other AI technology into popular products such as Google Photos, Google Translate, and its search engine. Microsoft's new Bing search engine uses a newer version of GPT-3 to answer complex questions. Microsoft's positive feedback loopThe OpenAI deal laid the foundation for Microsoft to catch Google in the AI race.
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