The lawsuit, which was filed on 6 January in a US District Court in the Eastern District of Missouri, alleges that the abuse started when she was three and Mr Altman was 12.

In a joint statement on X, with his mother and two brothers, Mr Altman denied the allegations, saying “all of these claims are utterly untrue.”

“Caring for a family member who faces mental health challenges is incredibly difficult,” the statement added.

“This situation causes immense pain to our entire family.”

In the filing, which has been seen by the BBC, Ms Altman alleged that the abuse, which took place over many years, included rape.

The lawsuit added the last instance of the alleged abuse took place when Mr Altman was an adult but she was still a minor.

The lawsuit requested a jury trial and damages in excess of $75,000 (£60,100).

Ms Altman has previously made similar allegations against her brother on social media platforms such as X.

Mr Altman is one of the technology world’s most high-profile figures.

In late 2022, OpenAI launched the ChatGPT generative artificial intelligence (AI) chatbot.

By BBC News

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Early Life

Born on April 22, 1985, in Chicago, Altman’s journey began with a childhood in St. Louis, Missouri. A prodigious talent, he embarked on his tech odyssey at Stanford University, delving into computer science before venturing into the industry that would define his career.

Sam Altman Career

At the age of 19, Altman co-founded Loopt in 2005, a geo-social networking mobile application. Despite raising over $30 million in venture capital, Loopt eventually shuttered in 2012. This setback, however, fueled Altman’s resilience and steered him toward a more significant role in the tech ecosystem.

Y Combinator

Joining Y Combinator in 2011 as a part-time partner, Altman’s ascent continued, culminating in his appointment as the company’s president in 2014.

Also Read: Salma Hayek: A Cinematic Journey And Entrepreneurial Triumphs

His strategic investments, including Asana, Zenefits, Instacart, Soylent, and Airbnb, solidified his status as a major angel investor, reshaping the startup landscape.

Sam Altman OpenAI

Teaming up with Elon Musk, Altman co-founded OpenAI in 2015, pledging over $1 billion to advance artificial intelligence research. Serving as CEO, Altman guided OpenAI’s groundbreaking initiatives, including the creation of GPT-3, a language model with diverse applications. The company’s valuation soared to $29 billion in a 2023 funding round with Microsoft.

Boardroom Battles and Reinstatement

In November 2023, Altman’s tenure at OpenAI faced turbulence as he was fired, triggering boardroom battles. A dramatic turn of events saw Altman reinstated as CEO on November 21st, underscoring the dynamic nature of his leadership and the complexities of the tech industry.

Angel Investing and Diverse Ventures

Beyond his organizational roles, Altman’s influence extends to angel investing, with stakes in major companies like Airbnb, Reddit, Pinterest, and more. His involvement in nuclear energy companies Oklo and Helion reflects a commitment to critical technological frontiers. Altman’s philanthropic endeavors, including funding COVID-19 trials, showcase a holistic approach to leveraging technology for societal good.

Private Life

Maintaining a private personal life, Altman publicly came out as gay in his youth. Despite dropping out of Stanford in 2005, he received an honorary degree from the University of Waterloo in 2017, acknowledging his significant contributions to the tech landscape.

Sam Altman Net Worth

Sam Altman net worth is $500 million. Altman’s trajectory from a young entrepreneur to a tech luminary reflects a relentless pursuit of innovation. His role in shaping startups, advancing AI research, and navigating complex boardroom dynamics cements his status as a dynamic force in the ever-evolving tech realm.

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The agreement “in principle” involves a new board being installed, the tech company added. It comes after Mr Altman was sacked on Friday triggering an open letter from staff who threatened to resign unless he was reinstated.

“I am looking forward to returning to OpenAI,” Mr Altman said in a post on social media.

Altman will return and be joined by a new initial board of former Twitter CEO Bret Taylor, ex-US Treasury Secretary Larry Summers, and Quora co-founder Adam D’Angelo.

“I love OpenAI and everything I’ve done over the past few days has been in service of keeping this team and its mission together,” he said in a post on X early Wednesday morning.

Read: AI Boss Sam Altman Ousted After Board Loses Confidence

Altman thanked Microsoft Chairman and CEO Satya Nadella for helping to make the stunning reversal happen.

“When I decided to join [Microsoft] on Sunday evening, it was clear that was the best path for me and the team. With the new board and with Satya’s support, I’m looking forward to returning to openAI, and building on our strong partnership with [Microsoft].”

On Monday, hundreds of employees, including co-founder and board member Ilya Sutskever, signed a letter saying that, if the board didn’t resign and bring Altman back, the overwhelming majority would move to work with him at Microsoft.

In a statement of his own, Nardella credited the changes to the board in getting Altman back to OpenAI.

“We are encouraged by the changes to the OpenAI board,’ he wrote. ‘We believe this is a first essential step on a path to more stable, well-informed, and effective governance.”

“Sam, Greg, and I have talked and agreed they have a key role to play along with the OAI leadership team in ensuring OAI continues to thrive and build on its mission.”

“We look forward to building on our strong partnership and delivering the value of this next generation of AI to our customers and partners.”

OpenAI, which was reportedly in talks as recently as last month to sell employee shares to investors at an $86 billion valuation, emerged as the hottest startup on the planet this year after releasing its ChatGPT chatbot in late 2022. ChatGPT allows users to input simple text queries and retrieve smart and creative answers that can lead to more in-depth conversations.

Read Also: Microsoft Hires Sam Altman, Greg Brockman to Lead New AI Research Unit

Altman had been leading the company since 2019 and was serving as both the top executive of a high-flying company and the public face of artificial intelligence research and product development.

Unlike most Silicon Valley startups, OpenAI wasnt structured like a typical corporation with large chunks of equity controlled by the founders. Rather, it was part of a nonprofit that was started in 2015. The board oversees the nonprofit, which “acts as the overall governing body for all OpenAI activities,” according to Friday’s blog post.

Sutskever and Brockman were both part of OpenAI’s founding team. Original investors included Altman, LinkedIn co-founder Reid Hoffman and Tesla CEO Elon Musk who reportedly committed $1 billion to the project.

“Returning to OpenAI & getting back to coding tonight,” Brockman wrote in an early Wednesday X post.

Immediately after OpenAI’s board announced Altman’s firing, prominent Silicon Valley investors and founders loudly voiced their concerns and even compared the move to Apple’s decision 38 years ago to fire Steve Jobs. In 1997, Jobs would return and eventually lead Apple to create the iPhone and become the most valuable company in the U.S.

“What happened at OpenAI today is a Board coup that we have not seen the likes of since 1985 when the then-Apple board pushed out Steve Jobs,” longtime startup investor Ron Conway said in an X post. “It is shocking; it is irresponsible; and it does not do right by Sam & Greg or all the builders in OpenAI.”

Former Google CEO Eric Schmidt called Altman a “hero of mine,” who built a company that “changed our collective world forever.”

AirbnbCEO Brian Chesky described Altman as “one of the best founders of his generation.” And venture capitalist Vinod Khosla said he is a “once in a generation CEO.”

By Agencies

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Microsoft has been OpenAI’s largest investor and partner and has used its products to form the core of its Copilot products.

“We’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team,” Nadella said in a post on X. “We look forward to moving quickly to provide them with the resources needed for their success.”

The move comes after OpenAI named former Twitch CEO Emmett Shear as its interim CEO, denying a push from employees and investors to rehire Altman and Brockman.

Microsoft also reiterated its commitment to OpenAI.

“We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners,” Nadella said.

“We look forward to getting to know Emmett Shear and OAI’s new leadership team and working with them.”
OpenAI’s board has hired Twitch co-founder Emmett Shear as its interim CEO, a source familiar with the matter told Axios.

The move gives the ChatGPT maker its third CEO in three days and means that ousted former CEO Sam Altman, who’d been in weekend-long talks with the board, will not be returning.

By Agencies

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The board said Mr Altman had not been “consistently candid with his communications”, hindering its ability to exercise its responsibilities.

The maker of the ChatGPT bot, OpenAI is behind a wave of excitement about artificial intelligence.

Mr Altman helped launch the firm.

The 38-year-old had also become a spokesman of sorts for the burgeoning industry, appearing before Congress this year to testify about new rules for artificial intelligence.

On social media, Mr Altman wrote that he had loved his time at the company.

“It was transformative for me personally, and hopefully the world a little bit. Most of all I loved working with such talented people,” he wrote.

“Will have more to say about what’s next later.”

The board said it was grateful for Mr Altman’s contributions but that members believed new leadership was necessary.

“The board no longer has confidence in his ability to continue leading OpenAI,” the company said, citing “a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.”

The announcement of his departure sent shockwaves through the sector.

On social media, former Google boss Eric Schmidt called Mr Altman “a hero of mine” and said that he had “changed our collective world forever”.

“I can’t wait to see what he does next. I, and billions of people, will benefit from his future work- it’s going to be simply incredible,” he wrote.

OpenAI president and co-founder Greg Brockman announced he had quit his role at the company following Mr Altman’s ousting.

In a statement posted X, formerly known as Twitter, Mr Brockman said: “I’m super proud of what we’ve all built together since starting in my apartment eight years ago.

“We’ve been through tough and great times together, accomplishing so much despite all the reasons it should have been impossible. But based on today’s news, I quit.”

He said he would continue to “believe in the mission of creating safe AGI that benefits all of humanity”.

OpenAI started in 2015 as a non-profit.

It restructured in 2019 and is now backed by Microsoft, which has invested billions.

Just weeks ago, OpenAI was reportedly in talks to sell shares in the company to investors at a price that would value it at more than $80bn (£64bn).

The company said its board members -who include an OpenAI chief scientist, the head of popular question and answer app Quora, and an AI researcher affiliated with Georgetown University – did not have shares in the firm and that their fundamental governance responsibility was to “advance OpenAI’s mission and preserve the principles of its Charter”.

The company said chief technology officer, Mira Murati, would take over as interim chief, effective immediately, while the board searches for a permanent replacement.

ChatGPT is known for its ability to respond to prompts from users with human-like text, images and videos.

Hundreds of millions of people have tried it out, and many are now regularly using it to help them do their jobs and study – to consternation in some cases, like teachers facing essays written by the bot and people worried for their jobs.

The company has also faced legal action from writers who say the bot developed its abilities by harvesting their work, in violation of copyright law.

Billionaire Elon Musk, who with Mr Altman was one of the founding co-chairs of OpenAI, has also criticised it for straying from its non-profit roots.

By BBC

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