OpenAI’s CEO Sam Altman has attained immense wealth due to his successful career in tech. His prosperity was in the spotlight when he testified before Congress on May 16. Altman has been credited as a key player in the Artificial Intelligence revolution since the release of ChatGPT in 2022, and with the recent debut of MyAI for all Snapchat users, the discussion around AI’s potential effects on society has risen to new heights.
Elon Musk and OpenAI CEO, Sam Altman, are pushing for regulatory governance on AI, as the risk of misuse is a source of long-term anxiety. According to reports, Sam is worth an estimated $500 million, thanks to his career trajectory which began with the launch of his geosocial network mobile app Loopt in 2005. Understood to not be taking any equity from OpenAI, he is reportedly not yet a billionaire, despite the company’s soaring valuation of $29 billion with the investment from Microsoft.
Altman is an avid angel investor in a number of companies, such as Airbnb, Instacart, Soylent, Asana, and Zenefits, alongside his involvement in Y Combinator. OpenAI pairs him with Musk in a joint effort to structure the research laboratory with the aim of creating an AI that will assist humanity.
When confronted in the House of Representatives, Sam voiced his concerns about the harm the technology could theoretically cause if not regulated. He proposed the foundation of a new agency to oversee the development of large-scale AI models, with an embedded auditing system to meet the testing requirements.
OpenAI’s success has grown exponentially with world renowned software engineers, scientists, and entrepreneurs operating within its company. OpenAI encourages collaboration between open-minded and creative tech professionals to research Artificial Intelligence and other computer science fields. In doing so, the laboratory will constantly strive towards creating an equitable future.
