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It looks like Sam Altman will get richer off of OpenAI
In Depth
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.
OpenAI plans tectonic shift from nonprofit to for-profit, giving Altman equity
Reuters reported that OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation, moving away from control by its nonprofit board. The shift marks a dramatic change for the AI company behind ChatGPT,
OpenAI For-Profit Restructure to Give Sam Altman Equity
Though it won't be in control, the OpenAI non-profit will continue to exist and own a minority stake in the for-profit company,
6h
OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025
Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener ...
2d
on 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 ...
2h
Apple Drops Out of Talks to Join OpenAI Investment Round, WSJ Says
(Reuters) - Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the ...
18h
OpenAI pushes limits of tech pivoting
In classic tales of science fiction, rapid technological advancements herald immense potential, while nervous inventors argue ...
8h
on MSN
OpenAI was a research lab — now it’s just another tech company
I obviously won’t pretend it’s natural for this one to be so abrupt, but we are not a normal company,” Altman wrote. But it ...
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