NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

San Francisco mayor-elect taps OpenAI CEO Sam Altman for transition team

Published 11/18/2024, 01:22 PM
Updated 11/18/2024, 03:01 PM
© Reuters. FILE PHOTO: Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. REUTERS/Denis Balibouse/File Photo

(Reuters) - San Francisco's mayor-elect Daniel Lurie named OpenAI CEO Sam Altman as one of seven co-chairs of his transition team, the campaign announced on Monday.

Lurie, a philanthropist and heir to the Levi Strauss (NYSE:LEVI) fortune, was elected mayor of San Francisco earlier this month, succeeding London Breed, the city's first Black female mayor, who has led the city since 2018.

"I'm excited to help the city I love, and where OpenAI was started, as it begins its next chapter with Mayor-elect Lurie stepping into his new role," the OpenAI top boss said.

In the wake of the city's gradual economic rebound post-pandemic, Lurie's election marked a shift toward moderate-centrist politics, supported by affluent donors, many of whom are tech founders or venture capitalists, including WhatsApp cofounder and former CEO Jan Koum.

Among other popular names are the city's Democratic Party Chair Nancy Tung and former Twitter CFO Ned Segal, who left the social media platform following Elon Musk's takeover.

Lurie invested over $8 million of his personal wealth into the campaign, outspending his competitors.

© Reuters. FILE PHOTO: Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. REUTERS/Denis Balibouse/File Photo

Observers expected the mayoral race to mirror the rising traction of the local Democratic party's moderate-centrist faction, following their successful showing in the March elections.

Upon taking office on Jan. 8, Lurie, who has no experience in City Hall, will be confronted with the challenge of resolving San Francisco's public safety crisis, a pressing issue that has driven numerous tech leaders to relocate from the Bay Area.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.