OpenAI is working to revamp its business structure so that it's no longer controlled by a nonprofit board, according to a new report. The new structure is part of a move to make the company more attractive to outside investors - and it would also mean CEO Sam Altman could be in for a big payday, the report said: OpenAI was recently valued at $150 billion. The Reuters report cited unnamed sources familiar with the matter.
The new corporate structure means Altman could receive equity in OpenAI. The company is seeking to remove a cap on returns for investors, sources told Reuters. OpenAI didn't immediately respond to a request for comment from Business Insider, but a spokesperson told Reuters: 'We remain focused on building AI that benefits everyone, and we're working with our board to ensure that we're best positioned to succeed in our mission. The nonprofit is core to our mission and will continue to exist.'
Collection
[
|
...
]