From Network18 Media & Investments Ltd.: 2024-04-02 05:32:35

OpenAI has revamped its venture capital fund supporting AI startups, removing CEO Sam Altman from control. Altman faced concerns as the fund’s controller despite lacking personal investment. An SEC filing in March revealed Altman’s removal and the transfer of control to partner Ian Hathaway. The fund raised $175 million from partners like Microsoft and holds $325 million in gross net asset value. Altman, known for investing in diverse sectors, is currently not facing any allegations of wrongdoing.



Read more at Network18 Media & Investments Ltd.: OpenAI undergoes significant restructuring, Sam Altman no longer controls Startup Fund – Firstpost