During a Y Combinator event, Sam Altman offered every startup in the current class $2 million worth of OpenAI tokens in exchange for equity. This move could provide startups with AI infrastructure free-of-charge but raises questions about long-term commitment and intellectual property.

The deal is structured as an uncapped SAFE, converting to equity during a Series A round. While it sweetens the financial equation, some warn that OpenAI might study startup ideas and use them against their owners.

Proponents argue this could save startups significant costs in AI infrastructure. However, critics caution about potential corporate behavior and the value of giving up equity for uncertain returns.

The bigger question is whether a budget of tokens from one player is worth the risk of losing future equity to a tech giant. Y Combinator’s standard deal already takes a 7% stake for $500,000 cash investment but provides access to valuable networks and resources.

Ultimately, this offer might be seen as a test case in the evolving relationship between startups and tech giants, with potential consequences that could shape innovation in years to come.