OpenAI Removes Sam Altman's Ownership of Its Startup Fund

1 April 2024

OpenAI has changed the governance structure of its venture capital fund that backs AI startups . Sam Altman no longer owns or controls the fund, according to a filing with the US Securities and Exchange Commission (SEC) The change came after Altman’s ownership of the OpenAI Startup Fund raised eyebrows for its unusual structure . OpenAI said Altman does not have financial interest in the fund despite the ownership .