ChatGPT inventor set to receive $10bn as OpenAI shifts from non-profit status

Sam Altman, founder of OpenAI, is set to receive approximately $10.5bn with a 7% stake as the company prepares to shift from a non-profit model.

OpenAI's proposed transition to a public benefit corporation will aim for profitability while ensuring it remains aligned with its initial mission to benefit society.

Elon Musk criticized OpenAI's move to become for-profit, insisting that converting a nonprofit to a profit-driven entity is illegal in nature.

Amid significant leadership changes at OpenAI, Sam Altman emphasized that these transitions are expected in rapidly growing companies and reassured commitment to its AI mission.

Read at Business Matters