Sam Altman—Profited $69M from OpenAI-Reddit data deal while owning 9% of Reddit stock
In May 2024, OpenAI announced a data licensing partnership with Reddit to train AI on Reddit content. Altman owns approximately 9% of Reddit (invested $60M across multiple rounds, former interim CEO). His stake increased by $69 million following the announcement. OpenAI stated Altman didn't lead the negotiations, but the direct financial benefit from a company business deal represents a significant conflict of interest.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Overall incident score = | -0.572 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.57)
Evidence (1 signal)
Profited $69M from OpenAI-Reddit data deal while owning 9% of Reddit stock
In May 2024, OpenAI announced a data licensing partnership with Reddit to train AI on Reddit content. Altman owns approximately 9% of Reddit (invested $60M across multiple rounds, former interim CEO). His stake increased by $69 million following the announcement. OpenAI stated Altman didn't lead the negotiations, but the direct financial benefit from a company business deal represents a significant conflict of interest.