OpenAI Chief Govt Officer Sam Altman obtained a modest $76,001 in compensation final yr, up barely from $73,546 in 2022, a newly launched tax submitting reveals.
Altman, who’s value no less than $2 billion, has beforehand stated he will get paid “regardless of the minimal for medical insurance is.” He has additionally repeatedly stated 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 doable shift to turning 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 Inner Income Service. The 2023 disclosure covers a tumultuous interval for OpenAI and the nonprofit that oversees it. The yr began with the skyrocketing reputation 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 Could, obtained $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, in keeping with the submitting. Although Shear’s tenure appeared to final for about three days, the submitting stated he was paid from Nov. 19 to Nov. 29, which might be $338.18 per day, together with weekends.
The overall compensation might be a lot larger for some executives, nevertheless. The tax submitting doesn’t embody any equity-based compensation that OpenAI’s named officers could have obtained 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’s 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 keeping with the submitting, OpenAI’s nonprofit obtained $5 million in public contributions in 2023, however the supply of the funding wasn’t disclosed. The nonprofit ended 2023 with internet property 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 yr, OpenAI expanded its charitable giving past common primary earnings tasks linked to Altman, in keeping with the submitting. It funded an ethics and journalism grant at New York College in addition to analysis into AI financial alternative by way of Atlanta-based nonprofit Operation Hope.
OpenAI additionally supplied monetary help for experiments “in establishing a democratic course of for deciding what guidelines AI techniques ought to observe,” the corporate stated. The grants went to US establishments reminiscent of Harvard Faculty, 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 stated in a press release.