Comment on An OpenAI shake-up wouldn't just make Sam Altman richer — he'd have more control, too

jmann@insider.com (Jyoti Mann), Business Insider
Fri, 09/27/2024 - 2:00am

An OpenAI shake-up wouldn't just make Sam Altman richer — he'd have more control, too

OpenAI is reported to be discussing giving Sam Altman an equity stake in the company. Didem Mente/Getty ImagesOpenAI is planning to restructure as a for-profit benefit corporation, reports say.Since 2019, the company has had what Sam Altman called an "unusual" hybrid structure.A legal expert said it could be "better for Altman" if he's a controlling shareholder.After operating under what Sam Altman called an "unusual" structure for more than four years, OpenAI is reportedly preparing to become a for-profit business.It's a move that could see the OpenAI chief gain more decision-making power, a legal expert told Business Insider.OpenAI is considering a change under which it would no longer be governed by its nonprofit board, Reuters and Bloomberg reported Thursday, hours after the sudden exit of the company's chief technology officer, Mira Murati, triggered a wave of speculation about the company's future.The reports have come more than a year after Altman said OpenAI's structure was atypical but a deliberate setup because "AI is an unusual technology."Bloomberg reported that Altman was also in discussions to receive a 7% equity stake in OpenAI, a move that would mark his first ownership claim in the company.

 

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