Sam Altman of OpenAI invests $2M in Y Combinator startups using tokens
The CEO of OpenAI, Sam Altman, has offered 169 startups from the current Y Combinator batch a $2 million investment in OpenAI tokens. This offer will allow startups to use OpenAI’s artificial intelligence for developing their own products.
The investments are provided in the form of credits for using OpenAI’s AI models, enabling startups to develop their projects based on OpenAI’s technology rather than competitors’. The deals will be executed through an uncapped SAFE, which is a standard approach for Y Combinator at early stages of venture financing. OpenAI’s stake in the startups will be determined during their first significant investment rounds.
This move is causing active discussions on social media. Some investors find the investments valuable, as the costs of AI infrastructure always pose a significant challenge for developing companies. However, there are skeptics too, including Jason Calacanis, who expresses concerns that OpenAI might use the startups’ ideas for creating its own products.
Meanwhile, other significant investment events continue in the venture market. For instance, the AI startup Leadbay recently attracted $4.3 million in a seed round, with Y Combinator being among the investors.
| Company | Invested Amount | Investors |
|---|---|---|
| Leadbay | $4.3M | Y Combinator, Rebel Ventures, Roosh Ventures |
