OpenAI CEO Sam Altman has been removed from the company’s venture capital arm OpenAI Startup Fund. The move comes as fund-backed startup Ghost Autonomy announced its shutdown five months after receiving a significant investment. This highlights the volatile, yet lucrative, nature of startup investing and venture capital. Established in 2021, the OpenAI Startup Fund aims to foster innovation in sectors where artificial intelligence (AI) can have a transformative impact, such as healthcare, educat
OpenAI, the parent company of ChatGPT, has recently restructured its venture capital fund, effectively removing Sam Altman, the company's CEO, from ownership and control of the OpenAI Startup Fund. According to the company, this move aims to enhance transparency and address concerns regarding the fund's governance.