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Y Combinator's Stake in OpenAI
The New Yorker quoted Paul Graham on Sam Altman's trustworthiness without disclosing YC's $5 billion OpenAI stake.
What: Y Combinator owns approximately 0.6% of OpenAI through YC Research, worth over $5 billion at current valuations. The New Yorker quoted YC co-founder Paul Graham about Sam Altman's trustworthiness without disclosing this financial stake.
Why it matters: Shows how financial entanglements in the AI industry can create hidden conflicts of interest among figures often seen as independent voices in tech.
Original article
OpenAI was seeded by an offshoot of Y Combinator called YC Research in 2016, when Altman was running YC. Y Combinator owns about 0.6% of OpenAI. At OpenAI's current valuation, that stake is worth over $5 billion.
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