Comment on It looks like Sam Altman will get richer off of OpenAI after all

It looks like Sam Altman will get richer off of OpenAI after all

OpenAI CEO Sam Altman is on track for a big payday because of a change to the company's structure, a new report says.Justin Sullivan/Getty ImagesOpenAI is working to restructure as a for-profit benefit corporation, Reuters reports.Its nonprofit would retain a minority stake.CEO Sam Altman could receive equity, with OpenAI valued at as much as $150 billion after recent funding discussions.OpenAI is working to revamp its business structure so that it's no longer controlled by a nonprofit board, according to a new report.The new structure is part of a move to make the company more attractive to outside investors — and it would also mean CEO Sam Altman could be in for a big payday, the report said: OpenAI was recently valued at as much as $150 billion.The Reuters report cited unnamed sources familiar with the matter.

 

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