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What percentage stake will OpenAI's non-profit arm retain post-restructuring by December 31, 2024?
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Official announcement from OpenAI or reputable news sources like Reuters
Story
OpenAI to Restructure as For-Profit, Grant Sam Altman $150 Billion Equity
Sep 25, 2024, 08:32 PM
OpenAI is planning to restructure its core business into a for-profit benefit corporation, removing control from its non-profit board. CEO Sam Altman will receive equity for the first time as part of this transition. The company is valued at $150 billion. This shift, reported by Reuters, aims to attract more investors while the non-profit arm will retain a minority stake in the new entity.
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