Sam Altman, president of Y Combinator, pauses during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019.
Altman didn't take an equity stake in the company when it added the for-profit OpenAI LP entity in 2019, Semafor reported Friday.
OpenAI launched as a non-profit model in 2015 with backing from Tesla CEO Elon Musk, who committed $1 billion to OpenAI, Semafor reported.
But Musk was unhappy with OpenAI's growth, which he assessed as "fatally behind" Google 's work in AI, Semafor reported.
2019, OpenAI took a $1 billion investment from Microsoft , which has since embedded the company's technologies into its products.