There is no plan for Sam Altman to receive a ‘giant equity stake’ in OpenAI, tells OpenAI staff

At an all-hands meeting, OpenAI CEO Sam Altman denied rumors of receiving a “giant equity stake,” stating there are no current plans for him to receive equity. The board has discussed the possibility but no decision has been made. The company is considering restructuring to a for-profit business while maintaining a separate nonprofit entity. Several executives have recently announced their departures, including Chief Technology Officer Mira Murati, research chief Bob McGrew, and research vice president Barret Zoph. Altman emphasized that the departures are unrelated to the potential restructuring. OpenAI is currently pursuing a funding round that could value the company at over $150 billion, with Microsoft and other investors involved. The company has faced controversy and executive departures amidst rapid growth, raising concerns among some employees. Altman himself was briefly ousted in November but reinstated shortly after, with many employees threatening to leave in response to the board’s action. Despite these challenges, Altman remains optimistic about the company’s future and the growth opportunities ahead.

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