Sam Altman, a brilliant American businessman and the CEO of Open AI, was asked by Senator John Kennedy if he earns “a lot of money” during a US Senate panel discussion on AI. Due to the fact that the 38-year-old is currently in charge of a $29 billion corporation, this sparked curiosity about his wealth.
Sam Altman Does Not Have An Equity In Open AI
At the age of eight, Sam Altman—who was raised in a Jewish family—got his first computer. Since then, the brain’s innate curiosity has continued to investigate the mystique of technology. The former Stanford University student and current CEO of Open AI has a net worth of more than $500 million.
His early investments in businesses like Airbnb, Reddit, Stripe, and Pinterest are included in this. However, Altman does not own any interest in DALL-E, the AI-powered business that developed the bizarre ChatGPT tool and digital image generator, despite Open AI having a valuation of over $29 million.
Senator John Kennedy asked Altman if he made “a lot of money” at a US Senate hearing that is looking into AI. Altman raised $1 billion with the launch of Open AI in 2015. No, the young IT entrepreneur answered modestly. I make enough money to pay for health insurance and I don’t own any OpenAI stock. I enjoy what I’m doing, so I’m doing it.
Tuesday, Altman gave a testimony before Congress as the November release of OpenAI’s ChatGPT ignited discussions about a “AI revolution.” Talk quickly evolved into hype and anxiety. While businesses and social media users praised AI’s potential, several worried tech executives advocated for a stop in the technology’s explosive growth.
What’s Sam Altman’s Source Of Income?
His investments in nuclear energy and digital businesses, such as Stripe, Reddit, Pinterest, Teespring, Instacart, Airbnb, and Soylent, provide him with a stream of income. Helion and Oklo, two nuclear energy businesses, both have him as their chairman.
Altman (38), who has invested in over 82 businesses, made his most recent purchase in campus.edu’s Series A funding round in May, which raised $29 million. The Chicago native founded Loopt, a geo-tracking business, before entering the AI industry. He left college at the age of 19 to launch his own company, and the rest is history.
