In March 2012, it was acquired by the Green Dot Corporation for $43.4 million. As CEO, Altman raised more than $30 million in venture capital for the company however, Loopt failed to gain traction with enough users. In 2005, at the age of 19, Altman co-founded Loopt, a location-based social networking mobile application. In 2005, after two years at Stanford University studying computer science, he dropped out without earning a bachelor's degree. He attended John Burroughs School, a private school in Ladue, Missouri. At the age of eight he received his first computer, an Apple Macintosh. Altman is the eldest of four siblings-brothers Jack and Max, and sister Annie. His mother is a dermatologist, whilst his father was a real-estate broker.

Samuel Harris Altman was born on April 22, 1985, in Chicago, Illinois, into a Jewish family, and grew up in St. Prior to OpenAI, Altman was president of Y Combinator from 2014 to 2019.

He has been the CEO of OpenAI since 2019 (he was briefly fired and reinstated in November 2023). Samuel Harris Altman ( / ˈ ɔː l t m ə n/ AWLT-mən born April 22, 1985) is an American entrepreneur and investor who is one of the leading figures of the AI Spring.

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