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A comment on OpenAI is paying out $51M to a chip startup that Sam Altman invested in.

Re:OpenAI is paying out $51M to a chip startup that Sam Altm... by didibus on Monday December 04, 2023 @11:39PM (#38527160)
When it's all private entities, all this is legal right? Like trade windows, and trading laws and all that apply only in public entities correct?

So Sam could decide to have Open AI hire all his family to executive roles, invest out money into his own companies or his family and friends and it all would be legal right?

Using him/OpenAI here as an example.

[ Parent | on HN ]
Re:OpenAI is paying out $51M to a chip startup that Sam Altm... by krasin on Tuesday December 05, 2023 @12:08AM (#38527332)
OpenAI is a tax-exempt 501(c)(3) non-profit ([1]). That might be an additional consideration here.

1. https://projects.propublica.org/nonprofits/organizations/810...

[ Parent | on HN ]