OpenAI CEO Sam Altman stands to net millions as Reddit goes public
Publishing timestamp: 2024-02-23 07:40:35
Summary
Sam Altman has invested at least $60 million in Reddit shares and controls 9.2% of voting power. He has been a long-time user of the site and has made significant investments in various startups. Altman's investments in Reddit are expected to pay off well when the company goes public. He is also focused on increasing adoption of OpenAI's services, including ChatGPT. Reddit sees competition from other large language models. Altman has been a supporter of community ownership and has advocated for users to have a stake in platforms like Reddit.
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