It turns out that OpanAI CEO Sam Altman has relinquished ownership of the investment fund 'OpenAI Startup Fund'
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It has been revealed that OpenAI CEO Sam Altman has relinquished ownership of the investment fund `` OpenAI Startup Fund ''. According to documents filed with the U.S. Securities and Exchange Commission, ownership of OpenAI Startup Fund has been transferred to fund partner Ian Hathaway .
Sam Altman no longer owns OpenAI Startup Fund
https://www.axios.com/2024/04/01/sam-altman-openai-startup-fund
OpenAI removes Sam Altman's ownership of its Startup Fund | Reuters
https://www.reuters.com/technology/openai-removes-sam-altmans-ownership-its-startup-fund-2024-04-01/
Sam Altman Removed as Head of OpenAI VC Fund
https://www.pymnts.com/artificial-intelligence-2/2024/sam-altman-removed-as-head-of-openai-vc-fund/
Sam Altman gives up control of OpenAI Startup Fund, resolving unusual corporate venture structure | TechCrunch
https://techcrunch.com/2024/04/01/sam-altman-gives-up-control-of-openai-startup-fund-resolving-unusual-corporate-venture-structure/
The OpenAI Startup Fund, an investment fund established in 2021, has raised $175 million (approximately 26.5 billion yen) from partners such as Microsoft, and is active in fields such as healthcare, law, and education. Investing in AI startups.
The OpenAI Startup Fund is generally said to be 'operated by OpenAI,' but the news media Axios reported in February 2024 that the owner of the OpenAI Startup Fund is Mr. Altman, not OpenAI. Ta . In response to this report, an OpenAI spokesperson said, ``We wanted to launch an investment fund as soon as possible, and the easiest way to structure it was to put it in Mr. Altman's name. 'I was trying to make the situation temporary,' he said.
However, more than two years have passed between its establishment in 2021 and the time of the report, and there was an uproar in which Mr. Altman was virtually fired as OpenAI's CEO in 2023. As a result, Mr. Altman returned to the CEO role , but if Mr. Altman had been expelled, further issues regarding the ownership of the OpenAI Startup Fund may have arisen.
In response to these findings, a spokesperson told Axios: ``We now believe that the fund's governance structure may need to be reconsidered.'' Prior to any changes to the fund, a new board of directors should first be established. Our first priority is to establish it.''
In April 2024, documents submitted to the U.S. Securities and Exchange Commission revealed that the ownership of OpenAI Startup Fund had been transferred from Mr. Altman to Mr. Hathaway. Mr. Hathaway has been involved in investing in OpenAI Startup Fund as a fund partner for some time, and has led investments in AI startups such as
An OpenAI spokesperson told Axios: 'As previously communicated, the Fund's original governance structure was temporary and Mr. Altman has no personal investments or financial interests in the Fund. 'This change makes this point even clearer.'
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