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OpenAI to remove non-profit control and give Sam Altman equity (www.reuters.com)
submitted 3 weeks ago* (last edited 3 weeks ago) by Rekall_Incorporated@lemm.ee to c/technology@lemmy.world
29 comments fedilink
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OpenAI to remove non-profit control and give Sam Altman equity (www.reuters.com)
submitted 3 weeks ago* (last edited 3 weeks ago) by BrikoX@lemmy.zip to c/technology@lemmy.zip
7 comments fedilink
 
 

ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, people familiar with the matter told Reuters, in a move that will make the company more attractive to investors.

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Reuters: OpenAI to remove non-profit control and give Sam Altman equity (www.reuters.com)
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OpenAI to remove non-profit control and give Sam Altman equity. (www.reuters.com)
 
 
This is an automated archive made by the Lemmit Bot.

The original was posted on /r/singularity by /u/elec-tronic on 2024-09-25 20:37:11+00:00.

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OpenAI ditches non-profit board, will spin off as venture capital lottery ticket (www.reuters.com)
 
 

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