Feng Liu
Feng Liu|May 22, 2026 01:11
Check this out: Sam Altman is offering $2 million worth of OpenAI 'tokens' to the latest YC startups in exchange for equity. The 'tokens' from large models have officially shifted from being operational expenses to becoming 'capital instruments.' Altman (and other big model companies) can now skip spending cash and instead mint compute power at marginal cost to trade for real equity. Unfortunately, these tokens used as capital instruments aren’t issued on-chain, nor are they the 'shitcoins' we’re familiar with. They’re using 'tokens' in the linguistic sense.
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