YC Research has thus far announced research on basic income, the future of computing, education, and building new cities. A week earlier, Altman had introduced Y Combinator Research, a non-profit research lab, and donated $10 million to fund it. In October 2015, Altman announced YC Continuity, a $700 million equity fund investing in YC companies as they matured. He also tried to expand the types of companies funded by YC, especially "hard technology" companies. Altman said that he hoped to expand Y Combinator to fund 1,000 new companies per year. In September 2016, Altman announced his expanded role as president of YC Group, which included Y Combinator and other units. In a 2014 blog post, Altman said that the total valuation of Y Combinator companies had surpassed $65 billion, including Airbnb, Dropbox, Zenefits, and Stripe. In February 2014, Altman was named president of Y Combinator by its co-founder, Paul Graham. Īltman became a partner at Y Combinator in 2011, initially working there on a part-time basis. The following month, Altman co-founded Hydrazine Capital with his brother, Jack Altman. In March 2012, it was acquired by the Green Dot Corporation for $43.4 million. As CEO, Altman raised more than $30 million in venture capital for the company however, Loopt failed to gain traction with enough users. In 2005, at the age of 19, Altman co-founded Loopt, a location-based social networking mobile application. In 2005, after two years at Stanford University studying computer science, he dropped out without earning a bachelor's degree. He attended John Burroughs School, a private school in Ladue, Missouri. At the age of eight he received his first computer, an Apple Macintosh. Altman is the eldest of four siblings-brothers Jack and Max, and sister Annie. His mother is a dermatologist, whilst his father was a real-estate broker. Samuel Harris Altman was born on April 22, 1985, in Chicago, Illinois, into a Jewish family, and grew up in St. Prior to OpenAI, Altman was president of Y Combinator from 2014 to 2019. He has been the CEO of OpenAI since 2019 (he was briefly fired and reinstated in November 2023). Samuel Harris Altman ( / ˈ ɔː l t m ə n/ AWLT-mən born April 22, 1985) is an American entrepreneur and investor who is the one of the leading figures of the AI Spring.
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