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OpenAI CEO Sam Altman denied reports that he’ll receive a significant equity stake in the company.
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The company’s board discussed potential equity compensation for Altman, but no decision has been made.
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OpenAI faces internal turmoil and executive departures amidst rapid growth and potential restructuring.
OpenAI CEO Sam Altman has denied reports that he’s set to receive a significant equity stake in the company. At an all-hands meeting, Altman addressed employee concerns about his lack of equity in the high-valued AI firm. He stated that there are “no current plans” for him to receive such compensation.
Altman’s statement follows reports that OpenAI’s board is considering restructuring the company into a for-profit entity. This potential shift comes amidst a wave of high-profile executive departures, including CTO Mira Murati and research chief Bob McGrew.
Altman attributed the departures to “a new generation of leadership” and emphasized that they’re unrelated to the potential restructuring. OpenAI is reportedly seeking a funding round that would value the company at over $150 billion, backed by Microsoft.
Despite its rapid growth since the launch of ChatGPT, OpenAI faces concerns about its safety practices and internal turmoil. The company’s growth has been remarkable, but it remains to be seen how the potential restructuring and leadership changes will impact its future.
