September 29, 2024 – Sam Altman, the CEO of OpenAI, firmly rejected rumors during a company-wide meeting on Thursday that he would acquire a significant equity stake in the company, stating that such reports are “simply not true.”
Addressing the speculations about his potential ownership of OpenAI shares, Altman clarified, “There are no such plans at present.” Brett Taylor, the chairman of OpenAI’s board, added that while the board has discussed the possibility of equity compensation for Altman, no final decision has been made.
Previously, the Wall Street Journal reported, citing informed sources, that OpenAI was considering granting Altman a 7% stake in the company and planning to reorganize as a profit-making enterprise, aiming to contribute to society while achieving profitability.
Currently, OpenAI is in the process of seeking a new round of funding, with a potential valuation exceeding $150 billion.