Tag: Y Combinator

Sam Altman, OpenAI's chief executive, has emerged as a pivotal figure in the artificial intelligence boom thanks to his leadership of the company responsible for ChatGPT. Yet, Altman's financial success extends far beyond the boundaries of OpenAI, propelling him into the ranks of billionaires with a net worth of at least $2 billion, as per the Bloomberg Billionaires Index.

Monzo, one of the "Big 3" U.K. challenger banks aka FinTechs besides Revolut and Starling Bank with more than 4.8 million customers just closed another £60 million in funding, priced the same as its last round in June when it raised £65. The new investor valued Monzo at around £1.2 billion. It was a down round, actually. The bank received a 40% hit in its valuation compared to its June 2019-round which gave it a valuation of £2 billion.