🛎️OpenAI‘s First Chip
Sam Altman Says "No Thank You" to Elon Musk's $97.4 Billion Offer for OpenAI
Read the storySam Altman
Co-founder & CEO, OpenAI
Sam Altman is an entrepreneur and investor who co-founded Loopt and led Y Combinator before becoming OpenAI’s CEO.
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Explore the coverage Get AI Secret’s free daily briefing, including Sam Altman and the wider AI industry.
At a glance
Sam Altman is an entrepreneur and investor who co-founded Loopt and led Y Combinator before becoming OpenAI’s CEO. His career connects startup building and venture investment with the development and deployment of AI systems, including ChatGPT.
- Current role
- Co-founder & CEO, OpenAI
- Born
- 22 April 1985
- Known for
- OpenAI; Y Combinator; Loopt
- Previously
- Y Combinator president, 2014–2019
- Coverage
- AI research; products; startup investment
Sources checked . Selected career milestones and biographical references.
Career, in context.
Selected milestones, newest first. Explore earlier career below.
OpenAI updates its structure
OpenAI announces the Foundation and Group PBC structure; its governance overview lists Altman as CEO.
Source: OpenAIReturns as OpenAI CEO
After the November leadership crisis, OpenAI announces his return alongside a new initial board.
Source: OpenAIOpenAI introduces ChatGPT
The company releases ChatGPT as a free research preview. This is a company milestone during his leadership.
Source: OpenAILeads OpenAI as CEO
The OpenAI LP announcement identifies Altman as CEO as the organisation introduces its capped-profit structure.
Source: OpenAI
Show earlier careerHide earlier career · 4 milestones
More than 10 years ago.
Helps launch OpenAI
OpenAI is publicly introduced as a nonprofit AI research company, with Altman as a co-chair.
Source: OpenAIBecomes president of Y Combinator
Paul Graham announces Altman as his successor to lead the accelerator.
Source: Y CombinatorLoopt is acquired
Green Dot acquires Loopt, closing the first chapter of Altman’s startup career.
Source: Y CombinatorCo-founds Loopt
The location-based mobile startup joins Y Combinator’s first summer batch.
Source: Y Combinator
The latest on Sam Altman
Newest firstRelated reporting
Relevant sections from the articles on this page. Explore older coverage below.
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Hello, AI Enthusiasts!
This week, Musk decided to play Monopoly with a $97.4 billion bid to buy OpenAI. Yes, you heard that right! That’s not just pocket change; But alas, Altman wasn’t having any of it, as he is busy making chip deam.
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OpenAI‘s First Self-Developed Chip Was Delivered To TSMC Earlier This Year
OpenAI's decision to venture into custom chip development is a transformative step that could redefine the AI landscape. In a world where reliance on a single supplier stifles innovation and increases costs, OpenAI's pursuit of independence could inspire a wave of competition that benefits the entire industry.
- OpenAI seeks to reduce its reliance on Nvidia due to high costs and supply bottlenecks associated with the latter's GPUs, which dominate the AI chip market.
- Led by Richard Ho, OpenAI is in the design phase of its custom AI chip, focusing on advanced technology like 3-nanometer processes and high-bandwidth memory to enhance efficiency and performance.
- The company plans to tape out its first chip design soon, a critical phase that involves significant financial investment and uncertainty regarding the chip's functionality on the first attempt.
OpenAI‘s First Self-Developed Chip Was Delivered To TSMC Earlier This Year
OpenAI's decision to venture into custom chip development is a transformative step that could redefine the AI landscape. In a world where reliance on a single supplier stifles innovation and increases costs, OpenAI's pursuit of independence could inspire a wave of competition that benefits the entire industry.
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Sam Altman Says "No Thank You" to Elon Musk's $97.4 Billion Offer for OpenAI
The confrontation between OpenAI CEO Sam Altman and tech mogul Elon Musk has escalated to dramatic heights, with Musk's audacious $97.4 billion bid for OpenAI being fervently rejected by Altman.
- Elon Musk led a consortium to make an unsolicited offer of $97.4 billion for OpenAI, aiming to reclaim its original mission of being a safety-focused, open-source entity.
- Altman swiftly rejected the bid with a witty retort on Musk’s social media platform.
- The rivalry traces back to 2015 when Musk and Altman co-founded OpenAI. After Musk’s departure in 2018 over differing visions, OpenAI transitioned to a profitable model, further fueling tensions between the two as Musk developed his AI venture, xAI.
- Musk's offer, while massive, was notably lower than OpenAI's current valuation of $260 billion. Legal complexities surrounding OpenAI could also complicate any acquisition attempts.
Sam Altman Says "No Thank You" to Elon Musk's $97.4 Billion Offer for OpenAI
The rivalry traces back to 2015 when Musk and Altman co-founded OpenAI. After Musk’s departure in 2018 over differing visions, OpenAI transitioned to a profitable model, further fueling tensions between the two as Musk developed his AI venture, xAI.
Sam Altman Says "No Thank You" to Elon Musk's $97.4 Billion Offer for OpenAI
The confrontation between OpenAI CEO Sam Altman and tech mogul Elon Musk has escalated to dramatic heights, with Musk's audacious $97.4 billion bid for OpenAI being fervently rejected by Altman.
Sam Altman Says "No Thank You" to Elon Musk's $97.4 Billion Offer for OpenAI
The rivalry traces back to 2015 when Musk and Altman co-founded OpenAI. After Musk’s departure in 2018 over differing visions, OpenAI transitioned to a profitable model, further fueling tensions between the two as Musk developed his AI venture, xAI.
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In the ever-entertaining world of tech billionaires and political drama, Elon Musk has once again taken center stage, this time to criticize President Donald Trump’s ambitious $500 billion Stargate AI project. Musk, known for his candid (and often eyebrow-raising) remarks, has cast doubt on the financial feasibility of the initiative, claiming that the backers of the project simply “don’t have the money.” Let’s dive into the details of this cosmic clash and explore why Musk is throwing shade at the Stargate project.
Elon Musk vs. Trump’s $500 Billion Stargate AI Project: A Galactic Clash of Titans
Musk, known for his candid (and often eyebrow-raising) remarks, has cast doubt on the financial feasibility of the initiative, claiming that the backers of the project simply “don’t have the money.” Let’s dive into the details of this cosmic clash and explore why Musk is throwing shade at the Stargate project.
What is the Stargate AI Project?
The Stargate AI project, announced by President Donald Trump on January 21, 2025, is a private-sector initiative aimed at bolstering the United States’ artificial intelligence (AI) infrastructure. The project is a joint venture involving tech heavyweights like OpenAI, Oracle, and SoftBank, with a promise to invest up to $500 billion over the next four years. The goal? To build state-of-the-art data centers, enhance computing capacity, and ensure the U.S. remains a global leader in AI development.
Trump, ever the showman, described Stargate as “the largest AI infrastructure project in history” and claimed it would create over 100,000 American jobs. He even encouraged people to “put that name down in your books” because it would be a game-changer.
Elon Musk’s Criticism: A Galactic Roast
They don’t actually have the money
— Elon Musk (@elonmusk) January 22, 2025
Elon Musk, the CEO of Tesla, SpaceX, and the AI startup xAI, wasted no time in raining on Trump’s parade. Musk, who has a history of skepticism toward large, centralized AI projects, took to his social media platform, X (formerly Twitter), to express his doubts. According to Musk, the companies involved in Stargate, particularly SoftBank, lack the financial resources to back such a colossal investment. He claimed that SoftBank had “well under $10 billion secured,” far from the $500 billion target.
Musk’s skepticism didn’t stop there. He also questioned the involvement of OpenAI, a company he co-founded but later distanced himself from due to disagreements over its direction. Musk has been openly critical of OpenAI CEO Sam Altman, with whom he has a long-standing feud. In fact, Musk’s criticism of Stargate may be as much about his personal animosity toward Altman as it is about the project’s financial viability.
Elon Musk’s Criticism: A Galactic Roast
Elon Musk, the CEO of Tesla, SpaceX, and the AI startup xAI, wasted no time in raining on Trump’s parade. Musk, who has a history of skepticism toward large, centralized AI projects, took to his social media platform, X (formerly Twitter), to express his doubts.
Trump’s Response: Unbothered and Unapologetic
In true Trump fashion, the president brushed off Musk’s criticism during a press conference on January 23, 2025. When asked about Musk’s comments, Trump replied, “No, it doesn’t [bother me]. He hates one of the people in the deal,” presumably referring to Sam Altman. Trump also revealed that he had spoken with Musk about the project and seemed confident that the criticism wouldn’t derail Stargate.
Trump’s ability to remain unfazed by Musk’s remarks is impressive, considering that Musk is one of his key advisors and a significant donor to his campaign. Musk reportedly spent $270 million supporting Trump’s election, making his public disagreement with the Stargate project all the more surprising.
Elon Musk: Trump’s Response: Unbothered and Unapologetic
When asked about Musk’s comments, Trump replied, “No, it doesn’t [bother me]. He hates one of the people in the deal,” presumably referring to Sam Altman. Trump also revealed that he had spoken with Musk about the project and seemed confident that the criticism wouldn’t derail Stargate.
The Financial Reality: Does Stargate Have the Money?
Musk’s doubts about Stargate’s funding are not entirely unfounded. The project’s initial investment is expected to be $100 billion, with the remaining $400 billion to be raised over the next four years. While this sounds impressive on paper, the actual financial commitments from the involved companies remain unclear. SoftBank, Oracle, and OpenAI have yet to provide detailed breakdowns of their contributions, leading to skepticism about whether the $500 billion goal is realistic.
Adding to the uncertainty is the fact that Musk himself has a history of overpromising and underdelivering on ambitious projects. Critics have pointed out the irony of Musk questioning Stargate’s funding when some of his own ventures, like the Hyperloop and Neuralink, have faced similar scrutiny.
Elon Musk: The Financial Reality: Does Stargate Have the Money?
Adding to the uncertainty is the fact that Musk himself has a history of overpromising and underdelivering on ambitious projects. Critics have pointed out the irony of Musk questioning Stargate’s funding when some of his own ventures, like the Hyperloop and Neuralink, have faced similar scrutiny.
OpenAI: The Financial Reality: Does Stargate Have the Money?
While this sounds impressive on paper, the actual financial commitments from the involved companies remain unclear. SoftBank, Oracle, and OpenAI have yet to provide detailed breakdowns of their contributions, leading to skepticism about whether the $500 billion goal is realistic.
The Musk-Altman Feud: A Subplot Worth Watching
While the financial concerns are valid, it’s impossible to ignore the personal drama between Musk and Altman. The two tech moguls have been at odds ever since Musk left OpenAI’s board in 2018, citing disagreements over the company’s direction. Musk has accused OpenAI of straying from its original mission of creating safe and transparent AI, while Altman has defended the company’s decisions and its partnership with Microsoft.
The Stargate project has only intensified their rivalry. Altman, who joined Trump on stage to announce the initiative, has been vocal in defending the project’s financial backing. In response to Musk’s criticism, Altman posted a cryptic tweet: “Just one more mean tweet and then maybe you’ll love yourself.”
The Musk-Altman Feud: A Subplot Worth Watching
The two tech moguls have been at odds ever since Musk left OpenAI’s board in 2018, citing disagreements over the company’s direction. Musk has accused OpenAI of straying from its original mission of creating safe and transparent AI, while Altman has defended the company’s decisions and its partnership with Microsoft.
The Musk-Altman Feud: A Subplot Worth Watching
Altman, who joined Trump on stage to announce the initiative, has been vocal in defending the project’s financial backing. In response to Musk’s criticism, Altman posted a cryptic tweet: “Just one more mean tweet and then maybe you’ll love yourself.”
OpenAI: The Musk-Altman Feud: A Subplot Worth Watching
The two tech moguls have been at odds ever since Musk left OpenAI’s board in 2018, citing disagreements over the company’s direction. Musk has accused OpenAI of straying from its original mission of creating safe and transparent AI, while Altman has defended the company’s decisions and its partnership with Microsoft.
What’s at Stake?
The Stargate project is more than just a flashy announcement; it’s a strategic move to maintain U.S. dominance in AI technology amid growing competition from China. With geopolitical stakes this high, the project’s success or failure could have far-reaching implications for the global tech landscape.
However, the infighting among key players like Musk and Altman raises questions about whether the project can achieve its lofty goals. If the backers can’t present a united front, the Stargate initiative risks becoming another overhyped tech venture that fails to deliver on its promises.
A Galactic Soap Opera
The Stargate AI project has all the makings of a Hollywood blockbuster: a $500 billion budget, a star-studded cast of tech giants, and enough drama to keep us entertained for years. Whether the project will succeed or implode under the weight of its own ambition remains to be seen. One thing is certain: Elon Musk’s criticism has added a new layer of intrigue to an already fascinating story.
As we watch this saga unfold, let’s hope that the Stargate project doesn’t turn into a black hole for taxpayer dollars—or a battleground for billionaire egos. After all, the future of AI deserves better than a galactic soap opera.
Hello, AI Enthusiasts!
As you sip your coffee and brace yourself for the outcome, just remember: no matter who wins, we’ll still have our trusty AIs to remind us that they can predict the weather better than any political analyst can predict the future of democracy.
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The pursuit of Artificial General Intelligence (AGI) has been a central focus for many leading technology companies, including OpenAI. AGI represents a significant leap from current AI capabilities, aiming to create systems that can perform any intellectual task that a human can. Recently, Sam Altman, CEO of OpenAI, made a bold claim that AGI is achievable with current hardware.
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- Achieving AGI requires overcoming various technical challenges, including the need for systems capable of human-like reasoning and learning.
Sam Altman Claims AGI Can Be Achieved With Current Hardware
The pursuit of Artificial General Intelligence (AGI) has been a central focus for many leading technology companies, including OpenAI. AGI represents a significant leap from current AI capabilities, aiming to create systems that can perform any intellectual task that a human can. Recently, Sam Altman, CEO of OpenAI, made a bold claim that AGI is achievable with current hardware.
OpenAI: Sam Altman Claims AGI Can Be Achieved With Current Hardware
The pursuit of Artificial General Intelligence (AGI) has been a central focus for many leading technology companies, including OpenAI. AGI represents a significant leap from current AI capabilities, aiming to create systems that can perform any intellectual task that a human can. Recently, Sam Altman, CEO of OpenAI, made a bold claim that AGI is achievable with current hardware.
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Sam Altman Claims AGI Can Be Achieved With Current Hardware
The pursuit of Artificial General Intelligence (AGI) has been a central focus for many leading technology companies, including OpenAI. AGI represents a significant leap from current
