The 38-Year-Old Leader of the AI Revolution Can't Believe It Either – Meet Open AI CEO Sam AltmanAltman is also involved in several other futuristic technology projects.

BySam Silverman

Key Takeaways

  • Sam Altman is the 38-year-old CEO of OpenAI.
  • He dropped out of Stanford in 2005 to start his first company.

In a few short years,Sam Altmanhas become one of the most influential names in theartificial intelligencemovement.

The 38-year-old is the CEO ofOpenAI, the artificial intelligence lab that created andreleased ChatGPT in November,这是一个AI chatbotthat produces human-like responses to questions.

The product launch generated 100 million users in its first two months and sparked competition with others releasing similar products likeGoogle's Bard. The launch also brought in $17.9 Billion in AI funding in Silicon Valley, according toBloomberg.

"I can't imagine that this would have happened to me," Altman toldIntelligencerabout his new role as leader of the artificial intelligence movement.

Keep scrolling to see more details about Altman's rise to tech entrepreneurship.

Photo by Chip Somodevilla/Getty Images | OpenAI CEO Sam Altman gives a thumbs-up as he departs the closed-door "AI Insight Forum" outside the Kennedy Caucus Room in the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC.

Who Is Sam Altman?

Sam Altman was born in Chicago in 1985.

He learned to program and disassemble computers at age 8, according to theNew Yorker. He came out as gay when he was 16, and says it was in part due to the help of "transformative" AOL chatrooms.

Altman attended Stanford in the early aughts but dropped out in 2005 to start Loopt, an app that allowed users to share their location with others, per theWashington Post. He went on to sell the company for $43.4 million to Green Dot in 2012, according toIntelligencer.

He went on to become the president of Y Combinator, which helps raise money for tech startups in 2014. Prior to stepping on as president, Y Combinator helped raise money for Loopt in the app's early days, per Intelligencer.

During his time as president, the company saw 40,000 startup applications each year.

RELATED:According to OpenAI CEO Sam Altman, This Is The Skill That Entrepreneurs Must Absolutely Have To Ensure Their Success

When did Sam Altman start OpenAI?

Altman co-founded OpenAI in 2015with Elon Musk, Ilya Sutskever, Greg Brockman, John Schulman, and Wojciech Zaremba. The company started as a non-profit with the goal of creating "a computer that can think like a human in every way and use that for the maximal benefit of humanity." Additionally,the tech founders wanted to dominate the AI field before the technology was used for ill will, according toIntelligencer.

Altmanbecame CEO of OpenAI and left Y Combinator in 2019 after Musk walked away from the project in 2018over fears the company was falling behind Google, per the outlet.

RELATED:Microsoft Invests Billions in OpenAI, Creator of ChatGPT

Under Altman's leadership, the company switched to a for-profit business in 2019, andwithin a few months, raised $1 billion from Microsoft.

OpenAI sold its ChatGPT software to businesses before releasing it to the public in November 2022, according toIntelligencer.

"The exciting parts are almost too long to list," Altman toldTimemagazine in June when discussing his product that can do anything from automating mundane tasks to helping with medical diagnoses from a single prompt.

OpenAI has been subjected to criticism

同时推出ChatGPTproved to be a massive success, with 100 million users in the first two months, it has also been met with great pushback.

Incorporating AI into society has raised questions about intellectual property and one's right to their name and likeness. It is also a major aspect in thecurrent SAG-AFTRA actors strike with actors fearing they will be replaced by AI, according toVariety.Notable celebrities and influencers have also been speaking out about the possible dangers of AI, includingTom Hanks和MrBeast.

RELATED:'This Is a Serious Problem': Mr. Beast Slams AI Deepfake Asking Fans to Donate Money to Win a New iPhone

"The scary part is just sort of putting this lever into the world will for sure have unpredictable consequences," he added when he spoke toTime.

The tool has been under fire for generating false information about various individuals, in addition to security concerns following a bug that allowed some users to see other users' chat history and payment-related information, according toNPR.

In July, an FTC investigation was launched into the company after allegedly using datasets of copyrighted works to train its models. First reported by theWashington Post, author Michael Chabon filed a class action lawsuit against the company after learning just books were used without his permission to teach ChatGPT.

Altman is nowadvocating for government regulation.

"I think if this technology goes wrong, it can go quite wrong, and we want to be vocal about that. We want to work with the government to prevent that from happening," Altman said before a Senate subcommittee while discussing regulating artificial intelligence in May, according to a transcript obtained byNPR. "But we try to be very clear-eyed about what the downside case is and the work that we have to do to mitigate that."

What Is Sam Altman's Net Worth?

Sam Altman has been keeping his life private, butTheStreetreported that he has a net worth of $500 million.

Apart from OpenAI, Altman has invested in several other companies in anticipation of the rise of the artificial intelligence industry.

According to Intelligencer, Altman invested $375 million in nuclear fusion companyHelicon Energy, which is building the world's first fusion power plant to create unlimited clean electricity. As an early investor, he could control one of the world's cheapest energy sources, perIntelligencer.

RELATED:Hiring Managers Are Looking for ChatGPT Experience — And Some Are Willing to Pay Up to $800,000 For It

He also invested $180 million inRetro Biosciences, which is studying how to add ten years to the human lifespan. According to a company press release, it is researching cellular reprogramming和plasma therapies to one day develop "therapeutics eventually capable of multi-disease prevention."

In addition to OpenAI, Altman foundedWorldcoin, an iris biometric cryptocurrency project, in 2019 and raised $115 million for its development. Worldcoin's technology would scan people's irises to link to a crypto wallet and allow Worldcoin to make deposits using one's iris as a key. This technology could potentially help identify humans from nonhumans as artificial intelligence grows in sophistication.

Aside from his investments, he spends his earnings racing cars, including a Lexus LFA which could cost upwards of $375,000, according to theKelley Blue Book.

He also owns a ranch in Napa with his partner Oliver Mulherin and he purchased a $27 million home in the upscale San Francisco neighborhood Russian Hill.

Sam Silverman

Entrepreneur Staff

Content Strategy Editor

Sam Silverman is a content strategy editor at Entrepreneur Media. She specializes in search engine optimization (SEO), and her work can be found inThe US Sun,Nicki Swift,In Touch Weekly,Life & StyleHealth. She writes for our news team with a focus on investigating scandals. Her coverage and expertise span from business news, entrepreneurship, technology, and true crime, to the latest in entertainment and TV news. Sam is a graduate of Lehigh University and currently resides in NYC.

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