OpenAI Discusses Giving Sam Altman 7% Stake in For-Profit Shift

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#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. #ai

The company is considering becoming a public benefit corporation, tasked with turning a profit and also helping society, said the people, who asked not to be identified because the information is private. The transition is still under discussion and a timeline has not been determined, one of the people said.

Read more: https://www.bloomberg.com/news/articles/2024-09-25/openai-cto-mira-murati-says-she-will-leave-the-company?sref=omvmmwIg

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