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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 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.
In the early years, getting AI models like ChatGPT or its rival Cohere to spit out human-like responses required vast teams ...
(Reuters) - Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the ...
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 ...
Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener ...
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