Sam Altman – Credit Chen Galili
Sam Altman, the founder of AI powerhouse OpenAI, is looking to a firm that will compete head to head with the recently minted world’s biggest company NVIDIA. According to an exclusive report in the New York Post, Altman is looking for backers for chip making venture Rain AI. Sam Altman will also serve as one of seven co-chairs of San Francisco Mayor-elect Daniel Lurie’s transition team.
According to the report, Sam Altman is promoting a $150 million investment round in Rian AI that would give the company a $600 million valuation and he was involved in the firm’s previous $25 million raise.
“He has introduced the company to all his investors for this series B round,” a source told the Post about Sam Altman.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Rain AI, also known as Rain Neuromorphics, is a company focused on developing highly energy-efficient hardware for artificial intelligence applications. Their primary goal is to create cutting-edge technology that optimizes the performance of AI systems while minimizing energy consumption.
NVIDIA is a global technology powerhouse specializing in accelerated computing. Originally renowned for its groundbreaking graphics processing units (GPUs), the company has evolved into a dominant force in artificial intelligence (AI), high-performance computing (HPC), and autonomous vehicles.
On his appointment to San Francisco Mayor Elect Daniel Lurie’s transition team, Sam Altman released a statement saying, “I’m excited to help the city I love, and where OpenAI was started, as it begins its next chapter with Mayor-elect Lurie stepping into his new role.”
Daniel Lurie is a prominent American philanthropist and the mayor-elect of San Francisco. In the 2024 election, Lurie defeated incumbent Mayor London Breed, becoming the first political outsider to win a San Francisco mayoral race in over a century. Lurie’s administration is expected to focus on revitalizing San Francisco and addressing its pressing challenges, with a particular emphasis on public safety, homelessness, and economic development.
Time magazine named Sam Altman one of the 100 most influential people in the world and Businessweek named him one of the “Best Young Entrepreneurs in Technology.” He is also the founder of the Long Term Future Fund, a venture capital fund that invests in companies working to solve long-term problems like climate change and pandemics.
