OpenAI Chief Govt Officer Sam Altman acquired a modest $76,001 in compensation final 12 months, up barely from $73,546 in 2022, a newly launched tax submitting reveals.
Altman, who’s value a minimum of $2 billion, has beforehand mentioned he will get paid “regardless of the minimal for medical insurance is.” He has additionally repeatedly mentioned he doesn’t personal fairness in OpenAI. Nevertheless, the San Francisco-based synthetic intelligence startup has mentioned giving him a stake as a part of a potential shift to changing into a for-profit enterprise, Bloomberg reported.
Altman’s paycheck was included in a submitting that US-based nonprofits are required to submit yearly to the Inside Income Service. The 2023 disclosure covers a tumultuous interval for OpenAI and the nonprofit that oversees it. The 12 months began with the skyrocketing recognition of OpenAI’s chatbot ChatGPT and ended with Altman’s transient ouster after clashing with the board.
OpenAI’s co-founder and former chief scientist Ilya Sutskever, who performed a key position in firing Altman and left the corporate in Might, acquired $322,201 in 2023, making him one of many highest paid officers listed on the shape. Emmett Shear, the co-founder of Twitch who served as interim CEO throughout Altman’s ouster, was paid $3,720, based on the submitting. Although Shear’s tenure appeared to final for about three days, the submitting mentioned he was paid from Nov. 19 to Nov. 29, which might be $338.18 per day, together with weekends.
The overall compensation may very well be a lot increased for some executives, nonetheless. The tax submitting doesn’t embrace any equity-based compensation that OpenAI’s named officers might have acquired as the corporate’s valuation has soared. It additionally doesn’t disclose any outdoors funding from enterprise capitalists into OpenAI’s for-profit entities.
There may be solely restricted visibility into OpenAI’s financials given the lag in reporting and the variety of corporations which might be associated to its enterprise. The nonprofit lists a number of partnership corporations and associated entities, together with Aestas LLC, which oversees worker and investor fairness.
In response to the submitting, OpenAI’s nonprofit acquired $5 million in public contributions in 2023, however the supply of the funding wasn’t disclosed. The nonprofit ended 2023 with web belongings of greater than $21 million — a tiny sum in comparison with the $6.6 billion the corporate raised in October to help its efforts to maintain constructing highly effective AI merchandise.
Final 12 months, OpenAI expanded its charitable giving past common fundamental revenue initiatives linked to Altman, based on the submitting. It funded an ethics and journalism grant at New York College in addition to analysis into AI financial alternative by means of Atlanta-based nonprofit Operation Hope.
OpenAI additionally supplied monetary help for experiments “in organising a democratic course of for deciding what guidelines AI programs ought to comply with,” the corporate mentioned. The grants went to US establishments akin to Harvard School, the College of Washington and the College of Michigan, together with a recipient in East Asia.
“As a part of our constitution, we’re dedicated to collaborating globally with analysis and coverage establishments to deal with AGI’s challenges, and elevated grants help this mission,” an OpenAI spokesperson mentioned in a press release.
