Sam Altman is planning to step down from his role as president of Y Combinator, one of the best-known startup accelerators in Silicon Valley.
He’s leaving the position to focus on his work as cochair of prominent nonprofit research organization OpenAI, Y Combinator announced today.
OpenAI was created in 2015 with $1 billion in funding from YC Research and people like Altman, SpaceX cofounder Elon Musk, investor Peter Thiel, LinkedIn cofounder Reid Hoffman, and Y Combinator founding partner Jessica Livingston.
Altman, the organization’s second president since the accelerator was created, will continue at Y Combinator as company chair.
Y Combinator is currently recruiting its 29th class of startup companies.
More than 2,000 startups from around the world have participated in the Y Combinator startup accelerator since it was founded in 2005.
Last year, Y Combinator announced plans to open a YC Research facility in Seattle and expanded into China, with former Baidu and Microsoft executive Qi Lu leading efforts in both new initiatives.
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