Open AI chief Sam Altman set for payday [Video]

OpenAI is discussing giving chief executive officer Sam Altman a 7 per cent equity stake in the company and restructuring to become a for-profit business, a major shift that would mark the first time Altman is granted ownership in the artificial intelligence startup.

The company is considering becoming a public benefit corporation, tasked with turning a profit and also helping society, according to a source familiar with the discussions who wasn’t authorised to speak publicly about them. The transition is still under discussion and a timeline has not been determined.

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