Sam Altman

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Sam Altman
Altman in 2019
Born
Samuel Harris Altman

(1985-04-22) April 22, 1985 (age 38)
Chicago, Illinois, U.S.
EducationStanford University (dropped out)
Known forLoopt, Y Combinator, OpenAI
TitleCEO of OpenAI
Websiteblog.samaltman.com

Samuel Harris Altman (/ˈɔːltmən/ AWLT-mən; born April 22, 1985) is an American entrepreneur and investor, who has been the CEO of OpenAI since 2019 (being briefly fired in November 2023).[1] Prior to OpenAI, Altman was president of Y Combinator from 2014 until he was fired by Paul Graham in 2019.[2]

Early life and education

Samuel Harris Altman was born on April 22, 1985, in Chicago, Illinois,[3] into a Jewish family,[4] and grew up in St. Louis, Missouri. His mother is a dermatologist. At the age of eight he received his first computer, an Apple Macintosh.[5] He attended John Burroughs School, a private school in Ladue, Missouri. In 2005, after one year at Stanford University studying computer science, he dropped out without earning a bachelor's degree.[6]

Career

In 2005, at the age of 19,[7] Altman co-founded Loopt,[8] a location-based social networking mobile application. As CEO, Altman raised more than $30 million in venture capital for the company; however, Loopt failed to gain traction with enough users. In March 2012, it was acquired by the Green Dot Corporation for $43.4 million.[9] The following month, Altman co-founded Hydrazine Capital with his brother, Jack Altman.[10][11]

Altman became a partner at Y Combinator in 2011, initially working there on a part-time basis.[12] In February 2014, Altman was named president of Y Combinator by its co-founder, Paul Graham.[13] In a 2014 blog post, Altman said that the total valuation of Y Combinator companies had surpassed $65 billion, including Airbnb, Dropbox, Zenefits, and Stripe.[14] In September 2016, Altman announced his expanded role as president of YC Group, which included Y Combinator and other units.[15] Altman said that he hoped to expand Y Combinator to fund 1,000 new companies per year. He also tried to expand the types of companies funded by YC, especially "hard technology" companies.[16] In October 2015, Altman announced YC Continuity, a $700 million equity fund investing in YC companies as they matured.[17] A week earlier, Altman had introduced Y Combinator Research, a non-profit research lab, and donated $10 million to fund it.[18] YC Research has thus far announced research on basic income, the future of computing, education, and building new cities.[19] In March 2019, YC announced Altman's transition from the president of the company to a less hands-on role as Chairman of the Board, for him to focus on OpenAI.[20][21] This decision came shortly after YC announced it would be moving its headquarters to San Francisco.[22] As of early 2020, he was no longer affiliated with YC.[2]

Altman co-founded Tools For Humanity in 2019,[23] a company which builds and distributes systems to designed to scan people's eyes to provide authentication and verify proof of personhood to counter fraud. People who agree to have their eyes scanned are compensated with a cryptocurrency called Worldcoin.[24][25][26][27] Tools For Humanity describes its cryptocurrency as similar to universal basic income.[28][29]

OpenAI

OpenAI was initially funded by Altman, Greg Brockman, Elon Musk, Jessica Livingston, Peter Thiel, Microsoft, Amazon Web Services, Infosys, and YC Research. When OpenAI launched in 2015, it had raised $1 billion.[30] In March 2019, Sam Altman left Y Combinator to focus full-time on OpenAI as CEO.[31][1] By the summer of 2019, he had helped raise $1 billion from Microsoft.[32] Altman testified before the United States Senate Judiciary Subcommittee on Privacy, Technology and the Law on 16 May 2023 about issues of AI oversight.[33] On November 17, 2023, OpenAI's board announced that it had made the decision to remove Altman as CEO. The board said that Altman "was not consistently candid in his communications."[34][35]

The Verge reported that a day after Altman was removed, the board was in discussion to bring him back.[36] It has also been said that before Altman was removed, he was telling investors that he was planning to start a new company.[36] On November 20, Microsoft CEO Satya Nadella announced that Altman would be joining Microsoft to lead a new advanced AI research team.[37] Two days later, OpenAI announced that Altman was returning as CEO, and that its board had been reconstituted.[38]

Other endeavors

Altman was the CEO of Reddit for eight days in 2014 after CEO Yishan Wong resigned.[39] He announced the return of Steve Huffman as CEO on July 10, 2015.[40] During the COVID-19 pandemic, Altman helped fund and create Project Covalence to help researchers rapidly launch clinical trials in partnership with TrialSpark, a clinical trial startup.[41] During the depositor run on Silicon Valley Bank in mid-March 2023, Altman provided capital to multiple startups.[42] Altman invests in technology startups and nuclear energy companies. Some of his portfolio companies include Airbnb, Stripe and Retro Biosciences.[43] He is also chairman of the board for Helion, a company focused on developing nuclear fusion and Oklo, a nuclear fission company.[44]

Recode reported that Altman might run for Governor of California in the 2018 election, which he did not enter. In 2018, Altman announced "The United Slate", a political project to improve housing and healthcare policy.[45] In 2019, Altman held a fundraiser at his house in San Francisco for 2020 Democratic presidential candidate Andrew Yang.[46] In May 2020, Altman donated $250,000 to American Bridge 21st Century, a super-PAC supporting Democratic presidential candidate Joe Biden.[47] After the success of ChatGPT, Altman made a world tour in May 2023 where he visited 22 countries and met multiple leaders and diplomats, including British prime minister Rishi Sunak, French president Emmanuel Macron, Spanish prime minister Pedro Sánchez, German chancellor Olaf Scholz, Indian prime minister Narendra Modi, South Korean president Yoon Suk-yeol, and Israeli president Isaac Herzog. He stood for a photo with European Commission president Ursula von der Leyen.[48]

Reception

Nancy Pelosi presenting Altman with the Ric Weiland Award in 2017

In 2017, Altman received an honorary Doctor of Engineering degree from the University of Waterloo in Canada for supporting companies through its Velocity entrepreneurship program.[49] The government of Indonesia issued the country's first "golden visa", a 10-year border pass, to Altman in September 2023.[50]

Altman was named one of the 100 most influential people in the world by Time magazine in 2023,[51] one of the "Best Young Entrepreneurs in Technology" by Businessweek in 2008,[52] and the top investor under 30 by Forbes magazine in 2015.[53] Altman was invited to attend the Bilderberg Meeting in 2016,[54] 2022[55] and 2023.[56][57]

Personal life

Altman has been a vegetarian since childhood.[58]

He is gay[59] and dated Loopt co-founder Nick Sivo for nine years;[60] they broke up shortly after the company was acquired in 2012.[61]

Altman lives in San Francisco's Russian Hill neighborhood and owns a weekend home in Napa, California.[62] Altman is a prepper.[3][63] He said in 2016: "I have guns, gold, potassium iodide, antibiotics, batteries, water, gas masks from the Israeli Defense Force, and a big patch of land in Big Sur I can fly to."[3]

References

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External links

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