OpenAI board considers special voting powers to prevent Elon Musk takeoverOpenAI is shifting from a nonprofit structure to a for-profit public benefit corporation, which raises concerns and calls for protections against hostile takeovers.
OpenAI plans tectonic shift from nonprofit to for-profit, giving Altman equityOpenAI is shifting towards a for-profit benefit corporation, attracting investors but risking commitment to its mission of benefiting humanity.
It looks like Sam Altman will get richer off of OpenAI after allOpenAI is transitioning to a for-profit benefit corporation, allowing for external investment and potential IPO, while the nonprofit board retains a minority stake.
OpenAI reportedly mulls $10B payday for Sam Altman as more top executives head for exitsOpenAI is restructuring as a for-profit entity, potentially granting CEO Sam Altman a 7% equity stake worth $10.5 billion.
OpenAI board considers special voting powers to prevent Elon Musk takeoverOpenAI is shifting from a nonprofit structure to a for-profit public benefit corporation, which raises concerns and calls for protections against hostile takeovers.
OpenAI plans tectonic shift from nonprofit to for-profit, giving Altman equityOpenAI is shifting towards a for-profit benefit corporation, attracting investors but risking commitment to its mission of benefiting humanity.
It looks like Sam Altman will get richer off of OpenAI after allOpenAI is transitioning to a for-profit benefit corporation, allowing for external investment and potential IPO, while the nonprofit board retains a minority stake.
OpenAI reportedly mulls $10B payday for Sam Altman as more top executives head for exitsOpenAI is restructuring as a for-profit entity, potentially granting CEO Sam Altman a 7% equity stake worth $10.5 billion.