The Wall Street Journal: Sam Altman to step aside as president of startup incubator Y Combinator

Sam Altman is stepping aside as president of Y Combinator, the famed Silicon Valley accelerator that has spawned some 1,900 companies.

Y Combinator said in a blog post Altman will shift to the role of chairman, enabling him to devote more time to OpenAI, a nonprofit artificial-intelligence research group he created with Tesla Inc. TSLA, +2.73% Chief Executive Elon Musk.

Altman has served as Y Combinator’s president since 2014, when he was tapped to succeed co-founder Paul Graham. The firm said in a blog post that little will change in the daily administration because it is run “as a partnership.

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