OpenAI is considering giving Sam Altman a 7% stake in a profitable transition
2024-09-26 08:16:22
OpenAI is discussing giving CEO Sam Altman a 7 percent stake in the company and restructuring it into a for-profit enterprise, according to people familiar with the matter, a major shift that would mark Altman's first ownership of the artificial intelligence start-up. The company is considering becoming a nonprofit company that helps society while making a profit, the people said.
The transformation is still under discussion and a timeline has not yet been set, the people said. OpenAI remains "focused on building artificial intelligence that benefits everyone," an OpenAI spokesperson said, adding that "nonprofits are our core mission and will continue to exist."