On September 26, COINOTAG reported that individuals knowledgeable about the situation revealed OpenAI is in talks to allow CEO Sam Altman to obtain a 7% equity stake and transform the company into a for-profit entity. This will signify the inaugural instance of Altman securing ownership in the AI startup. Insiders mentioned the company contemplates becoming a public welfare corporation to aid societal interests while pursuing profitability. However, discussions are ongoing, and no specific timetable has been set. An OpenAI representative confirmed that OpenAI remains dedicated to developing artificial intelligence that serves everyone, emphasizing that non-profit activities are the organization’s fundamental mission and will persist.
Source: https://en.coinotag.com/breakingnews/openai-ceo-sam-altman-may-acquire-7-stake-amid-for-profit-transformation-talks/