OpenAI CEO Sam Altman denied claims of receiving what he referred to as a giant equity stake at a company all-hands meeting, emphasizing that no current plans exist. OpenAI Chairman Bret Taylor confirmed the board had discussed Altman’s compensation, but no specific figures or decisions have been made. The meeting followed discussions of restructuring OpenAI into a for-profit business while keeping a nonprofit segment. Multiple executives, including CTO Mira Murati, announced their departures amid these changes. OpenAI is currently pursuing funding, with a valuation exceeding $150 billion.
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00:00It's Benzinga, and here's what's on the block.
00:03OpenAI CEO Sam Altman denied claims of receiving what he referred to as a giant equity stake
00:08at a company all-hands meeting, emphasizing that no current plans exist.
00:13OpenAI Chairman Brett Taylor confirmed the board has discussed Altman's compensation,
00:17but no specific figures or decisions have been made.
00:20The meeting followed discussions of restructuring OpenAI into a for-profit business while keeping
00:25a non-profit segment.
00:27Multiple executives, including CTO Miro Moratti, announced their departures amid these changes.
00:33OpenAI is currently pursuing funding with a valuation exceeding $150 billion.
00:38For all things money, visit Benzinga.com.