OpenAI CEO Sam Altman’s ‘mic drop’ offer to Y combinator startups: Free AI tokens worth $2 million in exchange for …
Sam Altman has offered to invest in every startup from the latest Y Combinator batch through a new deal involving OpenAI credits instead of cash. The OpenAI Chief announced the same during a Y Combinator event stating that the AI company will provide $2 million worth of AI tokens to each startup in exchange for equity. “I am excited to see what will happen with tokenmaxxing startups, both for how they work internally and the products they can build. OpenAI offered to invest $2M in tokens into every startup in the current yc batch. happy building!,” Altman wrote in the post.
The move could help startups reduce their AI infrastructure costs while also encouraging them to build products using OpenAI’s technology. The current Y Combinator batch reportedly includes around 169 startups.
