Sam Altman gives up control of OpenAI Startup Fund, resolving unusual corporate venture structure


This post is by Marina Temkin from TechCrunch


OpenAI CEO Sam Altman has transferred formal control of the eponymously firm’s named corporate venture fund to Ian Cathaway, OpenAI confirmed to TechCrunch.  The Open AI Startup Fund, launched in 2021, was initially set up with Altman as its named controller. The arrangement could have presented a major issue to the company if he had […] © 2024 TechCrunch. All rights reserved. For personal use only.