Billionaire VC Vinod Khosla was one of the first investors in OpenAI. Now he thinks most AI startups have become way overvalued

• Vinod Khosla, worth a reported $6.2 billion, is one of Silicon Valley’s most successful VCs. 
• Khosla wrote the first check into OpenAI when it switched to a “capped-profit” model in 2019.
• But now Khosla says he is passing on most AI deals because they have become too expensive.

When OpenAI, the now sizzling hot startup behind ChatGPT, switched from a non-profit to “capped-profit” company in 2019, Vinod Khosla, one of the most successful venture capitalists in Silicon Valley history, boldly stepped forward with the first check.