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It looks like Sam Altman will get richer off of OpenAI

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

The company’s unusual structure, which gives full control of the for-profit subsidiary to the OpenAI nonprofit, was originally set to ensure the mission of creating "safe AGI that is broadly beneficial," referring to artificial general intelligence that is at or exceeding human intelligence.

Business Insider on MSN · 4h

An OpenAI shake-up wouldn't just make Sam Altman richer — he'd have more control, too

Changing the structure of OpenAI could be advantageous for Sam Altman, a corporate law expert said.

Fortune on MSN · 1h

Sam Altman is setting himself up for a massive $10 billion payday as more OpenAI executives head for the exit

OpenAI is in the process of transitioning from a non-profit business to a for-profit one—and Sam Altman, the company’s CEO and one of its eight original founders, might end up getting a huge payday as a result.

Reuters on MSN · 23h

OpenAI CEO denies exec departures linked to restructuring

ChatGPT-maker OpenAI CEO Sam Altman said on Thursday the recent departure of top executives from the company had nothing to do with its planned restructuring.

Bloomberg on MSN · 22h

OpenAI’s Altman Says Executive Departures Are Unrelated to Restructuring

OpenAI Chief Executive Officer Sam Altman said that executive departures at the artificial intelligence startup were unrelated to a restructuring as the company weighs moving to a for-profit structure.

Fortune on MSN · 1d

Mira Murati’s departure leaves OpenAI with one fewer female exec

"For now, my primary focus is doing everything in my power to ensure a smooth transition, maintaining the momentum we’ve built," Murati said.

22h

OpenAI pushes limits of tech pivoting

In classic tales of science fiction, rapid technological advancements herald immense potential, while nervous inventors argue ...

13h

OpenAI turmoil is a bad look for its huge funding round, VCs say. 'I would vote with my feet.'

OpenAI is on the verge of closing one of the biggest funding rounds in startup history, but can its lofty valuation survive ...

1don MSN

OpenAI Plans to End Nonprofit Board’s Control, Reuters Says

OpenAI, the artificial intelligence startup behind ChatGPT, is working on a plan to restructure so that its nonprofit board ...

1d

OpenAI key personnel changes

Microsoft-backed OpenAI is planning to restructure its core business into a for-profit benefit corporation no longer ...

1hon MSN

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

CNBC's Andrew Ross Sorkin reports on the latest news.

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