OpenAI to remove non-profit control and give Sam Altman equity, sources say

Published On Sep 25, 2024, 4:30 PM

OpenAI is reportedly planning to shift away from its non-profit structure to a model that grants CEO Sam Altman equity in the company. This move suggests a more traditional corporate governance structure, which might allow for greater flexibility in operations and potentially attracting investments. It reflects a shift from OpenAI's original mission-driven approach to a profit-oriented one, which could impact its future initiatives and partnerships.

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Given the shift towards a profit-driven model, OpenAI could see a significant increase in investment interest, especially from venture capitalists and institutional investors looking for equity stakes in tech companies with revolutionary AI potential.

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