Altman Says Not Holding OpenAI Equity Was His Biggest Mistake

Cointime update: Sam Altman said on the Indian podcast “Figuring Out” with Raj Shamani, in an episode dated Nov. 3, that not holding any direct equity in OpenAI was “a mistake,” saying his purely mission-driven intent was misread by the business world and fueled speculation about his power motives. He also recounted that GPT-4 training finished in August 2022 and that the team bet the entire company on large-scale compute before release, and said early ChatGPT internal testing showed only about 5% next-week retention.