OpenAI Eyes Shift to For-Profit Model: CEO Sam Altman Could Secure 7% Stake Amid Senior Management Exodus

Sam Altman from OpenAI might receive a 7% share if the company decides to transition into a profit-making entity. This potential transformation comes amid a wave of high-ranking officials leaving the company, among them being Mira Murati.

OpenAI is contemplating granting its CEO, Sam Altman, a 7% share in the company and transitioning into a profit-oriented business, according to sources close to the situation. This significant change would represent the first instance of Altman receiving a stake in the AI start-up.

Sources have revealed, on condition of anonymity due to the confidentiality of the information, that the firm is contemplating transitioning into a public benefit corporation. This would require them to not only generate profits but also contribute to societal welfare. However, the transition is still being deliberated and no specific timeline has been established yet, says one of the sources.

In an announcement, a representative of OpenAI emphasized that their primary goal is to develop AI technology for the benefit of all. They further stated that the organization's non-profit characteristic is fundamental to their purpose and will persist.