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OpenAI Removes Sam Altman's Ownership of Its Startup Fund
According to a filing with the SEC, OpenAI has removed CEO Sam Altman's ownership and control of the company's venture capital fund that backs AI startups. Reuters reports: The change, documented in the March 29 filing, came after Altman's ownership of the OpenAI Startup Fund raised eyebrows for it...
According to a filing with the SEC, OpenAI has removed CEO Sam Altman's ownership and control of the company's venture capital fund that backs AI startups. In a statement, a spokesperson for OpenAI said the fund's initial general partner (GP) structure was a temporary arrangement, and "this change provides further clarity." OpenAI said Hathaway has overseen the fund's accelerator program and led investments in such companies as Harvey, Cursor and Ambience Healthcare.
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