OpenAI Chief Executive Officer Sam Altman received $76,001 in compensation last year, up slightly from $73,546 in 2022, a newly released tax filing shows.
Altman, who is worth at least $2 billion, has previously said he gets paid “whatever the minimum is for health insurance.” He has also repeatedly stated that he does not own equity in OpenAI. However, the San Francisco-based artificial intelligence startup has discussed divesting it as part of a possible transformation to become a profitable business, Bloomberg reported.
Altman’s paycheck was included in the filing that US-based nonprofits are required to submit to the Internal Revenue Service annually. The 2023 disclosure caps a tumultuous period for OpenAI and the nonprofit organization that oversees it. The year began with the skyrocketing popularity of OpenAI’s chatbot ChatGPT and ended with Altman’s brief ouster after a clash with the board.
OpenAI co-founder and former chief scientist Ilya Sutskever, who played a key role in firing Altman and left the company in May, received $322,201 in 2023, making him the highest compensation listed on the form. Became one of the receiving officers. Twitch co-founder Emmett Scheer, who served as interim CEO during Altman’s ouster, was paid $3,720, according to the filing. Although Share’s tenure lasted about three days, the filing said he was paid from Nov. 19 to Nov. 29, which would amount to $338.18 a day, including weekends.
However, total compensation can be very high for some executives. The tax filing does not include any equity-based compensation that OpenAI’s named officers may have received after the company’s value increased. It also does not disclose any outside investment by venture capitalists in OpenAI’s non-profits.
There is only limited visibility into OpenAI’s financials given the lag in reporting and the number of companies involved in its business. The nonprofit lists several participating companies and related entities, including Aestas LLC, which oversees employee and investor equity.
According to the filing, OpenAI’s nonprofit received $5 million in public contributions in 2023, but the source of the funding was not disclosed. The nonprofit ended 2023 with net assets of more than $21 million — a small amount compared to the $6.6 billion the company raised in October to support its efforts to continue building powerful AI products. had done
Last year, OpenAI expanded its charitable work beyond Altman-linked universal basic income projects, according to the filing. He has funded research into AI economic opportunities through an ethics and journalism grant at New York University, as well as through the Atlanta-based nonprofit Operation Hope.
The company said OpenAI has also provided financial support for experiments to “establish a democratic process to decide what rules AI systems should follow.” Grants went to American institutions such as Harvard College, University of Washington and University of Michigan, with a recipient in East Asia.
“As part of our charter, we are committed to collaborating globally with research and policy institutions to address the challenges of AGI,” an OpenAI spokesperson said in a statement, “and increasing grants furthers this mission.” support.”
