OpenAI to Restructure, Granting Sam Altman Equity and Reducing Non-Profit Control

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OpenAI to Restructure, Granting Sam Altman Equity and Reducing Non-Profit Control

Desk News 26 September 2024 , 4:10 | Print

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. REUTERS/Denis Balibouse/File Photo Purchase Licensing Rights

The OpenAI non-profit will continue to exist, retaining a minority stake in the newly structured for-profit entity. This restructuring is intended to balance the mission of creating safe and broadly beneficial artificial general intelligence (AGI) with the need for substantial investment to advance their technological goals ¹ ³.

This move marks a pivotal moment for OpenAI, as it seeks to navigate the complexities of maintaining its ethical commitments while scaling its operations and impact.

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