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OpenAI discusses giving Sam Altman 7% stake in for-profit shift

Bloomberg
Bloomberg • 6 min read
OpenAI discusses giving Sam Altman 7% stake in for-profit shift
The company is considering becoming a public benefit corporation, tasked with turning a profit and also helping society. Photo: Bloomberg
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OpenAI is discussing giving CEO 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 start-up.

The company is considering becoming a public benefit corporation, tasked with turning a profit and also helping society, said the people, who asked not to be identified because the information is private. The transition is still under discussion and a timeline has not been determined, one of the people said. In a statement, a spokesperson said OpenAI remains “focused on building AI that benefits everyone”, adding, “the non-profit is core to our mission and will continue to exist.”

OpenAI is mulling these changes against the backdrop of an exodus of senior managers. CTO Mira Murati said on Wednesday she is leaving, a surprise move that marks the latest high-profile departure from the start-up.

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