On May 31, sources familiar with the matter said that OpenAI CEO Sam Altman is considering restructuring OpenAI into a formal for-profit company, focusing on resolving the conflict between the nature of the company (a non-profit company) and its revenue business.
One possibility is that Sam Altman could turn OpenAI into a for-profit company, "an idea he has discussed", according to a person with knowledge of the matter who has spoken to him, while some OpenAI investors have said they would like Mr. Altman to get an equity package to ensure his interests align with the company's business.
Altman had the idea because the company needed to provide incentives to investors to attract large amounts of capital. If the company was not for-profit, it would not be able to provide incentives to investors to achieve the desired goal of "attracting $100 billion of capital".
Insider: Sam Altman plans to restructure OpenAI into a for-profit company
2024-05-31 11:45:46
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