OpenAI CEO Sam Altman flatly denied that he would get a large equity stake worth billions of dollars in the startup As part of corporate restructuringAccording to multiple reports.
Altman, 39, responded to a Bloomberg report on Thursday, hours after the claim on OpenAI's board There were discussions to give him a 7% stake as part of the pivot of the leading AI company A profit making organization.
Company co-founder Altman called the report “ridiculous” during a meeting with OpenAI employees in Italy that they could get such a large share. The information said,
The OpenAI boss reportedly said that investors were pressuring him to obtain equity to ensure that their interests remained aligned with the firm.
OpenAI President Brett Taylor also dismissed the report in an earlier statement, saying that the board had “discussed whether it would be beneficial to the company and our mission to provide Sam with equity.” Compensation should be given, but no specific figure has been discussed nor has any decision been taken?
OpenAI confirmed on Wednesday that it plans to reorganize itself as a not-for-profit corporation, which will mean that the nonprofit board of directors that has long overseen its operations will now take control. I will not stay.
Plans have not yet been finalized, and OpenAI stressed that the nonprofit is “the core of our mission and will continue to exist.”
OpenAI was originally founded as a non-profit in 2015 with the goal of creating safe artificial general intelligence – a term that refers to AI with human-level or higher cognitive abilities.
Meanwhile, the leadership of the Microsoft-backed company remains in turmoil. Three executives, including Chief Technology Officer Mira Muratti, announced their resignations this week as reports emerged about a possible restructuring.
During Thursday's all-hands meeting, Altman was reportedly adamant that the sudden departure had nothing to do with the board's discussions.
“Most of the stuff I saw was completely wrong,” Altman said. According to CNBC“But we have been thinking about it, our board has been thinking independently for almost a year about what we need to do to get to our next stage.”
“But I think it's about people being ready for a new chapter of their lives and a new generation of leadership,” Altman said.
Murati, who worked closely with Altman, said in a message to OpenAI staff that she was “stepping away because I want to make time and space to do my own research.” For now, my primary focus is on doing everything in my power to ensure a smooth transition, maintaining the momentum we have built.
Chief research officer Bob McGrew and top researcher Barrett Zoff also exited, making it the largest exodus of OpenAI executives since the beginning of the year.
Greg Brockman, President and Co-Founder of OpenAI, Said last month that he would take an extended leave of absence by the end of the year. John Shulman, another co-founder, left for a job at OpenAI rival Anthropic.
In May, after co-founder Ilya Sutskever and researcher Jan Leik OpenAI disbands its “SuperAlignment” teamWhich was responsible for overseeing the safe development of advanced AI.
