OpenAI Discusses Giving Altman 7% Stake in For-Profit Shift
OpenAI is discussing a potential shift to a for-profit model, granting CEO Sam Altman a 7% equity stake, possibly transitioning to a public benefit corporation, with ongoing discussions and no timeline set.
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OpenAI is in discussions to grant CEO Sam Altman a 7% equity stake as part of a potential transition to a for-profit model. This would be the first time Altman receives ownership in the company. The proposed restructuring may involve OpenAI becoming a public benefit corporation, which would focus on generating profit while also addressing societal needs. However, the discussions are still ongoing, and no timeline for the transition has been established.
- OpenAI is considering a shift to a for-profit model.
- Sam Altman may receive a 7% equity stake in the company.
- The transition could involve becoming a public benefit corporation.
- Discussions are ongoing with no set timeline for the changes.
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12 commentsWhat a joke.
Altman equity https://news.ycombinator.com/item?id=41651548
That’s a $7bn stake.
If the complaints here are because you invested in OpenAI and feel deceived and betrayed, that's one thing. But for everyone here who is just an observer, and didn't contribute to or trade with them, what are your grounds for being upset?
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