this post was submitted on 16 May 2026
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OpenAI CEO Sam Altman holds more than $2 billion in companies that have done business with the company, a court document showed as Altman faces claims of self-dealing from state attorneys general. (journalrecord.com)
submitted 6 hours ago by sanitation@lemmy.radio to c/technology@lemmy.world
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[–] hypnicjerk@piefed.social 18 points 4 hours ago (2 children)

how the fuck does he have those kinds of assets despite never coming close to delivering a profit?

[–] MalReynolds@slrpnk.net 13 points 2 hours ago* (last edited 2 hours ago)

He profits just fine. The companies not so much.

Except NVIDIA, they're making shovels and shitloads and he probably gets something under the table from them too.

[–] Casterial@lemmy.world 6 points 2 hours ago

Just like the circular deals 90% of the "profits" we've seen reported by these AI companies is just fake money