What I Read This Week...
OpenAI's venture capital fund is owned by Sam Altman, Capital One makes a bid for Discover, and Venezuela turns away illegal migrants sent back from the U.S.
Read our AI Deep Dive Watch All-In E167 Caught My Eye… Many companies use corporate venture capital funds to make strategic investments into potential suppliers and customers, but there is something unique about OpenAI’s ‘Startup Fund’. The fund, which was launched in late 2021, is legally owned by Sam Altman, not OpenAI. While the company claims that this was a temporary measure to reduce administrative headache, this arrangement has stood for more than a year. The revelation is part of a broader insight into OpenAI’s messy corporate structure, which may have been responsible for Sam…
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