Y Combinator president Sam Altman steps down to focus on OpenAI

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.

This article was summarized automatically with AI / Article-Σ ™/ BuildR BOT™.

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