OpenAI plans tectonic shift from nonprofit to for-profit, giving Altman equity

Quick Summary:

Under plans that have attracted criticism, shift may give Altman 7% equity in the firm.

This represents a departure from Altman's previous stance of not taking equity in the company, which he had maintained was in line with OpenAI's mission to benefit humanity rather than individuals.

It's an approach taken by some of OpenAI's competitors, such as Anthropic and Elon Musk's xAI.

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Article Details

Author / Journalist: Benj Edwards

Category: Technology

Markets: United States

Topics: OpenAI CEO Chatgtp Openai Sam altman AI Reuters Machine learning Mira Murati Ilya Sutskever ChatGPT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 14:48:09 (22 hours ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 196 words

Reading Time: 2 minutes read

Sentences: 34 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Ars Technica

News ID: 22727488

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