OpenAI has officially removed Sam Altman's ownership of its Startup Fund, transferring control to Ian Hathaway, who has been a partner at the fund since 2021. The fund, which has a gross asset value of over $325M+, was initially launched with a temporary general partner structure. This change comes amidst revelations of a $175 million investment into the fund by a seemingly non-existent entity named Jacob Vespers, raising questions about the fund's governance and oversight. The adjustment in ownership was disclosed through new SEC filings and has been reported by various news outlets including Axios, Reuters, and TechCrunch. OpenAI stated that this restructuring provides further clarity to the fund's governance.