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International Business Times UK
International Business Times UK
Technology
Pragati Singh

OpenAI CEO's Reinstatement Raises Concerns Over $51 Million AI Chip Deal with Personal Investments

OpenAI Sam Altman Gordon Wilson Rain Microsoft Amazon Google
Altman's personal investment in Rain exceeded $1 million, as revealed in investor documents. (Credit: Wikimedia Commons)

Sam Altman, recently reinstated as OpenAI's CEO after a sudden dismissal, might have parted ways with the company, but his ties to AI development and personal investments remained intact.

During Altman's tenure, OpenAI had inked a letter of intent to spend $51 million on AI chips from Rain AI, a startup where Altman holds personal investment stakes. This move intertwined Altman's dual roles, reflecting potential conflicts of interest in his capacity as OpenAI's CEO.

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