OpenAI’s CEO Altman was accused of cashing out his power.

Recently, a non-profit technology watchdog organization released the “OpenAI Files”, revealing shocking inside stories. OpenAI’s CEO Altman was accused of cashing out his power.
According to the data, Altman has invested in more than 80 companies, many of which have business dealings with OpenAI, such as Reddit and Stripe. He previously told Congress that he had no equity in OpenAI, but in fact he indirectly held it through Sequoia Capital and YC Fund. When Reddit cooperated with OpenAI, as a shareholder of Reddit, his net worth instantly soared by 50 million US dollars.
In terms of chip transactions, in 2019, OpenAI signed a letter of intent with chip developer Rain AI, agreeing to spend 51 million US dollars to purchase its chips after listing, and Altman invested more than 1 million US dollars in Rain AI as early as 2018. In addition, OpenAI quietly changed the upper limit of investor profits from 100 times to 20% per year, which may exceed 100 trillion US dollars in 40 years. This key change has never been disclosed to the public.
This series of operations has made OpenAI’s “non-profit control” almost a shell, the board of directors has been hollowed out, and power has fallen into the hands of investors. Altman’s behavior is suspected of profit transfer, which seriously damages OpenAI’s credibility. At present, the incident has attracted widespread attention, and subsequent progress is worth tracking.