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OpenAI is paying out $51M to a chip startup that Sam Altman invested in
- buildbot 3y ago51 million isn’t actually all that much for a chip startup, in my opinion.
- didibus 3y agoWhen it's all private entities, all this is legal right? Like trade windows, and trading laws and all that apply only in public entities correct? So Sam could decide to have Open AI hire all his family to executive roles, invest out money into his own companies or his family and friends and it all would be legal right? Using him/OpenAI here as an example.
- krasin 3y agoOpenAI is a tax-exempt 501(c)(3) non-profit ([1]). That might be an additional consideration here. 1. https://projects.propublica.org/nonprofits/organizations/810861541 https://projects.propublica.org/nonprofits/organizations/810...
- outside1234 3y agoDouble dippin Sam Altman
- nickthegreek 3y agoThe AI Chip company is the first dip, where is the second? He doesn't have a financial stake in OpenAI.
- conception 3y agoI assume he has quite a few PPUs.
- deleted 3y ago[deleted]
- WoodEye 3y agoFrom what I’ve learned about Sam over the past year or so just from public discord he sounds like he’d be a great CEO of a company like Salesforce but the wrong kind of person to be running an organization like OpenAI.
- dang 3y agoOpenAI Committed to Buying $51M of AI Chips from a Startup Backed by Sam Altman - https://news.ycombinator.com/item?id=38506660 https://news.ycombinator.com/item?id=38506660 - Dec 2023 (230 comments)
- buildbot 3y agoOops sorry, I missed this!