OpenAI Explores For-Profit Transition, Equity Grant for Altman Amidst Leadership Shakeup

OpenAI is considering a significant restructuring, potentially becoming a for-profit public benefit corporation and offering CEO Sam Altman a 7% equity stake. This shift comes amidst a series of high-profile departures, including the recent announcement of CTO Mira Murati`s exit. While OpenAI maintains its commitment to developing beneficial AI, the company is navigating leadership changes and exploring new avenues for funding its ambitious projects. Despite these internal shifts, OpenAI remains a prominent player in the AI field, attracting substantial investment and achieving a high valuation.