OpenAI CEO Sam Altman is no longer the owner of the company's affiliated venture capital fund. Altman's temporary legal control of the seed fund was for the sole purpose of getting the fund up and running as quickly as possible, OpenAI told Axios. Management has been transferred to Ian Hathaway, who has been co-managing the fund since 2021, according to new filings with the US Securities and Exchange Commission (SEC). The fund was launched at the end of 2021 with $175 million, with OpenAI partner Microsoft among the investors. It now has more than $325 million in gross assets, according to SEC filings. Hathaway led the fund's accelerator program and invested in companies including Harvey, Cursor, Speak and Ambience Healthcare, according to OpenAI.
Ad
Support our independent, free-access reporting. Any contribution helps and secures our future. Support now:
Sources
News, tests and reports about VR, AR and MIXED Reality.
Meta and Anduril are now jointly developing XR headsets for the US military
An unofficial VR port of Counter-Strike 1.6 is coming to Meta Quest
Teenage Mutant Ninja Turtles are getting their own VR game
MIXED-NEWS.com
Join our community
Join the DECODER community on Discord, Reddit or Twitter - we can't wait to meet you.