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.
Comment on It looks like Sam Altman will get richer off of OpenAI after all
lvaranasi@insider.com (Lakshmi Varanasi), Business Insider
Wed, 09/25/2024 - 4:13pm
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