Versions :<1234567Live>
Snapshot 2:Thu, Sep 26, 2024 2:37:46 PM GMT last edited by Brian

OpenAI Going For Profit, Giving Altman a Stake

OpenAI Going For Profit, Giving Altman a Stake

Above: Open AI Chief Executive Officer Sam Altman (C) speaks at the Advancing Sustainable Development through Safe, Secure, and Trustworthy AI Event at Grand Central Terminal on September 23, 2024 in New York. Image copyright: Bryan R. Smith/Contributor/AFP via Getty Images

The Facts

  • OpenAI, the creator of artificial intelligence (AI) chatbot ChatGPT, is reportedly planning to shift from its current non-profit status to becoming a for-profit company, with CEO Sam Altman receiving equity in the corporation.OpenAI, the creator of artificial intelligence (AI) chatbot ChatGPT, is reportedly planning to shift from its current nonprofit status to becoming a for-profit company, with CEO Sam Altman receiving equity in the corporation.

  • While it will no longer control OpenAI's main business operations, the nonprofit, which was founded in 2015 as an AI research organization, will still have a minority stake in the company.


Go Deeper


Sign up to our daily newsletter