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Beyond OpenAI: Sam Altman The Investor Takes Center Stage

Sam Altman

It鈥檚 already been a big week for 鈥 and it has little to do with .

This week saw the launch of the somewhat controversial crypto project 鈥 which is backed by Altman鈥檚 startup. The project鈥檚 World ID platform is attempting to create unique digital identities 鈥 based on blockchain technology 鈥 for people by scanning their eyes with a small orb. The idea has led to many questions surrounding AI, data and privacy.

Altman was also revealed this week as one of several investors behind 鈥 $48 million funding round. The startup 鈥 which has of 鈥 aims to make blood diagnostic testing easier and quicker.

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If it seems like Altman is more in the news for things non- related, that鈥檚 likely because it is becoming more and more true as he has become one of the Valley鈥檚 most active investors in everything from renewable energy to health care to 鈥 of course 鈥 AI.

According to SA国际传媒 , Altman has made nearly 100 deals just as an individual or angel investor, many more through other firms he co-founded, and even through accelerator giant , where he served as president for five years. It is widely assumed his actual investments number well into the hundreds.

The portfolio

While a complete, comprehensive list of all of Altman鈥檚 bets is difficult to gather, a quick glance at what is known reveals some impressive names and numbers.

As an individual investor, Altman has invested in at least nine unicorns 鈥 and likely more.

The list includes the likes of San Francisco-based HR tech startup ; Fremont, California-based brain machine interface 鈥 founded by who鈥檚 been in the news this week (as always) 鈥 and San Francisco-based cyber insurance company .

Altman also has a significant number of investments through a variety of firms including , and , as well as through his more than decadelong association with Y Combinator.

Through the accelerator 鈥 where he spent five years as president 鈥 Altman helped lead investments for Y Combinator in significant companies including , and .

Apollo Projects 鈥 which Altman founded with his brothers and 鈥 also has made noteworthy deals. The early-stage firm, which provides 鈥渇unding for moonshots,鈥 took part in the $195 million round for Berkeley, California-based just last month.

KoBold uses artificial intelligence to mine for valuable metals such as cobalt, copper, nickel and lithium used in the production of batteries for a variety of sectors, including electric vehicles. The startup has built a database about the Earth鈥檚 layers and uses algorithms to make predictions about where mineral deposits are around the world.

The round, which valued the company at $1.15 billion, also included investments from and -backed .

A deeper look

However, anyone assuming as an individual investor Altman鈥檚 focus is solely on applications for AI would be proven incorrect.

There is no denying there is an AI angle to many of his deals. In the investments lists to Altman as a solo investor, many lean very heavy into AI.

Those include being an early investor in San Francisco-based , which is designing chips that can imitate the way the human brain works 鈥 allowing processing and memory to happen in the same place, which could allow AI algorithms to run much faster and at reduced energy costs.

Altman also has looked at how AI can be used in biotech and health. He is a backer of Boston-based , a biotechnology company integrating AI, computation and biological automation to improve drug development, and Palo Alto, California-based , which equips scientists with software that allows them to teach AI to identify cell behavior to get further insights.

However, some investments Altman has made do not scream AI at first glance.

He is a backer of which allows people to buy, sell and store sports cards. The company聽 raised cash in 2021, taking advantage of the boom in people looking to diversify into alternative assets.

Los Angeles-based is another company Altman has supported. The startup is a chat platform for building queer communities, serving the entirety of the LGBTQ+ spectrum.

Altman even recently co-led a $29 million round in New York-based edtech startup , and also was an early backer of a San Francisco-based house cleaning service 鈥 鈥 more than a decade ago.

On the energy and environment front, Altman led a $500 million Series E for Everett, Washington-based , a fusion power startup developing the world’s first fusion generators. He also has backed New York-based (飞别鈥檝别 talked about this deal before), which uses machine learning to try to help ocean shippers lower emissions and fuel waste while also maximizing commercial returns.

Fintech and e-commerce also have been of particular interest, including several in crypto and bitcoin. That includes New York-based startup , which uses AI to provide real-time data on cryptocurrency networks and the entities behind them.

While there is no denying several startups harnessing AI have received a check from Altman 鈥 such as AI time management platform and pilot assistant technology developer 鈥 the diversity of his portfolio suggests not even could predict his next deal.

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