Sam Altman offers $2M in OpenAI tokens to every Y Combinator startup in exchange for equity
Summary
During a Y Combinator event, Sam Altman announced that OpenAI would invest in every startup in the current YC class by offering $2 million worth of OpenAI tokens in exchange for equity. This unconventional deal provides startups with AI compute credits rather than cash, allowing them to build products using OpenAI's technology. The offer was described as a "mic drop moment" by YC partner Tyler Bosmeny.
Source
bskySam Altman offers $2M in OpenAI tokens to every Y Combinator startup in exchange for equitymexnews.onlineKey quotes
· 3 pulledSam Altman had what YC partner Tyler Bosmeny called a 'mic drop moment.'
Altman offered $2 million worth of OpenAI tokens to every startup in the current class in exchange for equity in the startup.
He promised that OpenAI would invest in the whole class, not with cash but with an allotment of AI tokens that startups can use to build their products.
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