Sam Altman to receive equity in OpenAI amid for-profit shift

OpenAI is undergoing a significant restructuring, transitioning from a nonprofit to a for-profit entity, which has sparked controversy and executive turnover. CEO Sam Altman is reportedly in discussions to receive a 7% equity stake, potentially worth around $10 billion, marking the first time he would gain ownership in the company. This shift aims to attract investors, as OpenAI seeks to raise $6.5 billion at a valuation of $150 billion. However, the move has led to the departure of several high-profile executives, including CTO Mira Murati and others, raising concerns about the company's direction and stability. Altman has publicly denied that these departures are related to the restructuring, attributing them to personal choices of the executives involved. The transition has drawn criticism from co-founder Elon Musk, who has expressed concerns about the legality and ethics of converting a nonprofit into a for-profit organization. Despite these challenges, OpenAI continues to focus on its mission of developing beneficial AI technologies while navigating the complexities of its new corporate structure.