OpenAI Discusses 7% Stake for Altman 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.
Friar wrote in an email that OpenAI's funding round for $6.5 billion is ready to close soon and is already oversubscribed, ...
Restructuring to a public benefit corporation would likely make OpenAI more attractive to further investment at a time when it is reportedly raising money at a $150 billion valuation. Altman would ...
At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied reports that he received a “giant equity stake” in the company ...
The planned restructuring comes amid personnel upheaval including resignation of chief technology officer.
Altman's attempted ouster involved some members of OpenAI's board as well as top company employees. Former board members ...
They are the latest high-profile departures from the ChatGPT maker. CEO Sam Altman expressed his gratitude for Murati’s ...
OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end ...
OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end ...
ChatGPT-maker OpenAI CEO Sam Altman said on Thursday the recent departure of top executives from the company had nothing to ...
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