By Rachel Metz, Dina Bass, Ed Ludlow and Shirin Ghaffary
OpenAI is discussing giving chief executive officer Sam Altman a 7 per cent equity stake in the company and restructuring to become a for-profit business, a major shift that would mark the first time Altman is granted ownership in the artificial intelligence startup.
The company is considering becoming a public benefit corporation, tasked with turning a profit and also helping society, according to a source familiar with the discussions who wasn’t authorised to speak publicly about them. The transition is still under discussion and a timeline has not been determined.
Sam Altman founded the company in 2015 as a non-profit research organisation with the goal of building artificial intelligence that would be safe and beneficial to humanity.Credit: Bloomberg
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