OpenAI is reportedly planning to give Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business. This would mark the first major shift in the artificial intelligence startup as the company is considering becoming a public benefit corporation- generating profit and helping society.
Altman is also in preliminary discussions with the board on acquiring an equity stake in the company for the first time, according to multiple people familiar with the talks, which were first reported by Reuters on Wednesday.
The company is considering becoming a public benefit corporation, tasked with turning a profit and also helping society, said the people, who asked not to be identified because the information is private. The transition is still under discussion and a timeline has not been determined, one of the people said.
