Sam Altman’s recent reinstatement as OpenAI CEO after a brief dismissal coincided with the potential gains linked to the development of ChatGPT by the company, even in his absence. During his CEO tenure, OpenAI signed a letter of intent to invest $51 million in AI chips from Rain AI, a startup in which Altman is a personal investor.
Rain AI, situated near OpenAI’s San Francisco headquarters, specializes in designing neuromorphic processing units (NPUs) that simulate human brain features. Established in 2017, the company aims to produce NPUs that are 100 times more potent and 10,000 times more energy-efficient for training AI models than conventional GPUs.
Rain disclosed Altman’s personal investment of over $1 million. However, both OpenAI and Rain declined to provide comments on this matter.
Altman participated in Rain’s seed financing in 2018, a year preceding OpenAI’s $51 million chip investment. Rain’s workforce comprises around 40 employees, combining expertise in AI algorithm development and traditional chip design, as per disclosures.
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