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Comment Section for Exclusive: OpenAI to remove non-profit control and give Sam Altman equity | Reuters

Screenshot of Exclusive: OpenAI to remove non-profit control and give Sam Altman equity | Reuters www.reuters.com/technology/artificial-intelligence/openai-remove-non-profit-control-give-sam-altman-equity-sources-say-2024-09-25/

The move could also have implications for how the company manages AI risks in a new governance structure.

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The webpage is a Reuters news article reporting on OpenAI's plans to transition from a non-profit organization to a for-profit benefit corporation. According to anonymous sources, the restructuring will give CEO Sam Altman equity in the company for the first time, and the non-profit board will no longer have control over the business. Post-restructuring, the company could be worth $150 billion, and the non-profit OpenAI will continue to exist and own a minority stake in the for-profit entity. This shift is expected to make the company more appealing to investors, although the implications for AI risk management are still unclear. The article also highlights OpenAI's growth and achievements, including the launch of ChatGPT, which has over 200 million weekly active users and has resulted in a significant increase in the company's valuation.

SummaryBot via The Internet

Sept. 25, 2024, 6:25 p.m.

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