Sam Altman is an American Entrepreneur and investor best known as the CEO of Open AI means Artificial Intelligence since 2019.
Sam Altman Biography
He dropped out of university after two years and discovered Loopt, which is a social networking service raising more than $30 million in venture capital.
In 2011 he joined Y Combinator, a startup accelerator and was its president from 2014 – 2019. The full name of Sam Altman is Samuel Harris Altman.
Sam Altman Early Life and Education
Sam Altman was born on 22nd April 1985 in Chicago, IIIinois.Sam Altman is a highly successful American entrepreneur, investor, programmer and blogger.
In his education he studied computer science at Stanford University but dropped out in 2005 to found Loopt.
Altman was awarded an honorary doctor of engineering degree through the University of Waterloo in 2017.
Sam Altman’s brother, Jack Altman is a well known figure in the technology industry as well. Jack is the Co-Founder of Lattice, a successful technological employee engaging software.
Sam on the other hand is best known for his start-up, openAI, which has made significant effect in the field of artificial intelligence.
Sam Altman Career
In 2005 at the age of 19 Altman discovered the application of Loopt and this one kind of social networking and mobile application.
But after some time due to some issues Loopt failed to achieve traction with enough users. In March 2012, this was captured through Green Dot Corporation for $43.4 million.
The following month, Altman co-founder Hydrazine Capital with his brother Jack Altman. Altman became a partner at Y Combinator, a start-up accelerator that invests in a broad range of start-ups in 2011, initially working there on a part-time basis.
In Feb 2014 he was named president of Y Combinator by its co-founder, Paul Graham. In a 2014 blog post he said that the overall valuation of Y Combinator companies had surpassed $65 billion including Zenefits, Dropbox and Stripe.
In October 2015 Altman announced YC continuity, a $700 million equity fund investing in YC based companies as they matured.
In September 2016 Altman announced an expanded role of president in YC group.
In March 2019 Y Combinator announced a changeover from the president of the firm to a less hands-on role as Chairman of the Board for him to focus on OpenAI.
As of early 2020 he was not affiliated with YC for a longer time. It was later reported that Altman got fired from Y Combinator and had appointed himself as Chairman without authorization.
Sam Altman NET Worth
Today Sam Altman is one of the highly powerful figures in artificial intelligence. Sam Altman is a Silicon Valley entrepreneur, executive and visionary.
|Estimated Net Worth
|Source of Wealth
|Equity in private companies, angel investments
|Y Combinator ($600 billion valuation), 100+ startups (Airbnb, Reddit etc.)
|OpenAI ($29 billion valuation), Helion Energy ($375 million), Retro Biosciences ($108 million)
|Strong continued growth expected given access to top start-ups.
The total estimated worth of Sam Altman is of $500 million, broadly derived from his equity in privately held companies he founded, invested in, or led.
These involve OpenAI (valued at $29 billion) and Y Combinator (valued at $600 billion). As an angel investor, Altman has backed over 100 start-ups like Stripe, Reddit etc. further contributing to his wealth.
He recently invested $375 million in nuclear fusion start-up Helion energy and $108 million in longevity company Retro Biosciences.
Sam Altman is a prominent figure in the tech industry known for his work as an entrepreneur, investor, and advocate for artificial intelligence. He has been compared to tech visionaries including Steve Jobs, and Bill Gates and is known for his belief that AI will be able to do anything that humans can.
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