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OpenAI to remove non-profit control and give Sam Altman equity

OpenAI is negotiating to give CEO Sam Altman a 7% equity stake and shift to a for-profit model, marking Altman's first ownership in the company.
Altman denied plans for a "giant equity stake," stating that "there are no current plans here."
OpenAI’s board, chaired by Bret Taylor, is discussing restructuring but has not finalized any decisions or figures.

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Taipei Times

OpenAI discusses giving Altman 7% stake in for-profit shift

OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that would mark the first time Altman is granted ownership in the artificial intelligence startup.

5 months ago

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Hindustan Times

OpenAI discusses giving Sam Altman a 7% stake and shift to a for-profit model

OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business

5 months ago·New Delhi, India

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CBS News

+2 Reposted by 2 other sources

Top executives leave OpenAI amid for-profit push

Top executives leave OpenAI for profit – CBS News Watch CBS News America’s top artificial intelligence startup OpenAI took a hit Thursday after three of its top executives left the company. The departures come as CEO Sam Altman reportedly prepares to turn OpenAI into a traditional for-profit company. Connie Guglielmo, senior vice president focused on AI editing strategy for CNET, joins CBS News to examine the future of the startup. …

5 months ago

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CNBC

Sam Altman tells OpenAI staff there's no plan for him to receive a 'giant equity stake' in company

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in attendance.

5 months ago·United States

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Mashable

OpenAI plans to become a for-profit business — here’s what that means for the AI company

OpenAI doesn't want to be so open anymore.According to a new report, OpenAI — the organization that burst onto the scene with the release of its popular AI chatbot, ChatGPT, in 2022 — is looking to restructure into a for-profit company.Much to the chagrin of its biggest critics, like former investor Elon Musk, OpenAI has been slowly moving away from the non-profit ethos it was initially founded on. OpenAI was originally founded in 2015 as a non-…

5 months ago·United States

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Breitbart

OpenAI Boss Sam Altman Consolidates His Power as Another Exec Departs, Org Mulls Going For-Profit

AI powerhouse OpenAI, the developer of ChatGPT is contemplating significant changes to its corporate structure and ownership by transforming into a for-profit company while CEO Sam Altman consolidates his power as yet another high profile executive leaves the organization. The post OpenAI Boss Sam Altman Consolidates His Power as *Another* Exec Departs, Org Mulls Going For-Profit appeared first on Breitbart.

5 months ago·United States

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