VC Slams Sam Altman as "Megalomaniac"

Overhyped It’s no surprise that OpenAI CEO Sam Altman is a hugely ambitious guy. But his latest jaw-dropping fundraising efforts have even his fellow venture capitalists in disbelief. Earlier this year, the Wall Street Journal reported that OpenAI is looking to raise up to $7 trillion for an AI hardware venture. That’s more than 14 times all of global chip sales last year. Meanwhile, the ChatGPT maker is looking to raise funds at a valuation of over $100 billion, which would make it one of the world’s most valuable startups. As of last month, the company is valued at $80 billion, following a deal with venture firm Thrive Capital. All told, it’s starting to sound a bit grandiose — and even VCs are balking. “He’s a megalomaniac,” one unnamed venture capital partner, who has spent time with Altman, told Business Insider. “For the same reason I don’t trust Elon, I just don’t trust somebody whose aspirations are so clearly about themselves.” Sam the Great We’ve already seen investors make mention of Altman’s “reality-distortion field,” a reference to late Apple CEO Steve Jobs, who was known to skew reality to his and his company’s benefit. “He’s building the platform of Sam,” analytics and AI company Databricks CEO Ali Ghodsi told BI, “which is why his side projects get funded like public companies.” Altman’s track record isn’t exactly clean. In 2019, he was reportedly asked to leave startup incubator Y Combinator after being accused of stuffing his pockets. That event has been…VC Slams Sam Altman as "Megalomaniac"

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