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Home»Business»OpenAI CEO received $76,001 in pay last year, filing shows
Business

OpenAI CEO received $76,001 in pay last year, filing shows

November 21, 2024No Comments3 Mins Read
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OpenAI CEO Sam Altman received a modest $76,001 last year, up slightly from $73,546 in 2022, a newly released tax filing shows.

Altman, who is he? it is worth at least $2 billionhas said before It charges “regardless of the health insurance minimum.” He has also repeatedly said that he has no shares in OpenAI. However, the San Francisco-based artificial intelligence startup has discussed its involvement as part of a possible move to become a for-profit business, according to Bloomberg. notify.

Altman’s pay was included in a filing that US-based nonprofits must submit to the Internal Revenue Service each year. The 2023 disclosure marks a tumultuous period for OpenAI and the nonprofit that oversees it. The year started with the great popularity of OpenAI’s ChatGPT chatbot and ended with this Short knockout of Altman after colliding with the board.

OpenAI co-founder and former chief scientist Ilya Sutskever, who was instrumental in firing Altman and left the company in MayHe received $322,201 in 2023, making him one of the highest-paid officers listed on the form. Emmett Shear, co-founder of Twitch He was interim general manager When Altman was fired, he was paid $3,720, according to the filing. Although Shear’s tenure appears to have lasted about three days, the file said he was paid from Nov. 19 to Nov. 29, which is $338.18 per day, including weekends.

Total compensation can be much higher for some directors, however. The tax filing does not include any equity-based compensation that OpenAI’s named officers may have received as the company’s valuation has risen. It also does not disclose any outside investment by venture capitalists in OpenAI’s non-profit entities.

There is limited visibility into OpenAI’s finances given the backlog of reports and the number of companies involved in its business. It lists several non-profit partnerships and related entities, including Aestas LLC, which oversees employee and investor equity.

According to the filing, OpenAI’s nonprofit organization received $5 million in public contributions in 2023, but the source of the funding was not disclosed. The nonprofit ended 2023 with net assets of more than $21 million, a relatively small number. 6.6 billion dollars The company raised the stake in October to support efforts to continue building powerful AI products.

Last year, OpenAI expanded its charitable giving beyond universal basic income projects Associated with Altman, according to the archive. He funded an ethics and journalism fellowship at New York University, as well as research into the economic possibility of AI through the Atlanta-based nonprofit Operation Hope.

OpenAI also provided financial support for the experiments “to establish a democratic process for deciding what rules AI systems should follow,” the company said. The grants went to US institutions such as Harvard College, the University of Washington and the University of Michigan, along with one recipient in East Asia.

“As part of our charter, we are committed to partnering with research and policy organizations globally to address the challenges of AGI, and increased funding supports this mission,” an OpenAI spokesperson said in a statement.

How many degrees of separation are you from the world’s most powerful businessmen? Check out who made our new list The 100 most powerful people in the company. Also, learn about the measurements we used to learn.



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