OpenAI CEO Sam Altman sues developer over construction flaws in $27M mansion

From CEOWORLD Magazine: 2024-07-23 04:36:18

OpenAI CEO Sam Altman is suing San Francisco developer Troon Pacific over severe construction flaws in his $27 million Lombard Street home. The lawsuit, filed on June 12, claims the home had shoddy workmanship with issues like pool flooding, improperly installed sewage lines, and sewer blockage. Altman is seeking unspecified damages.

When Altman bought the property in 2020, it was a high-end listing promising luxury features. Instead, he found extensive repairs and ongoing issues. Troon Pacific faces multiple lawsuits this year and has paid investors over $48 million for incomplete luxury properties. Altman remains focused on driving innovation at OpenAI.

Altman’s lawsuit against Troon Pacific highlights the ongoing challenges in the real estate sector despite his leadership in the tech industry with OpenAI. The company aims to advance artificial intelligence towards Artificial General Intelligence by developing more advanced systems and applications while ensuring their alignment and steerability to minimize misuse and societal disruption.



Read more at CEOWORLD Magazine: OpenAI CEO Sam Altman Sues Developer Over “Plagued” $27M Lombard Street Mansion