On Wednesday, while OpenAI chief innovation officer Mira Murati, vice president of researchstudy Barret Zoph, and chief researchstudy officer Bob McGrew all revealed that they would be leaving the business, reports emerged of a significant restructuring that might change the ChatGPT-maker into a multi-billion dollar for-profit corporation.
According to sources who spoke with Reuters, OpenAI is thinkingabout endingupbeing a for-profit that no longer responses to its non-profit board to drawin more financiers. The non-profit arm will still exist, per the sources.
Sam Altman. Photo by Justin Sullivan/Getty Images
The relocation was veryfirst hinted at earlier in September with the news of OpenAI’s brand-new funding round that might catapult the $86 billion AI giant to a assessment of $150 billion with $6.5 billion in financing. The assessment depends on whether OpenAI can modification its business structure to a for-profit design like its competitors, Anthropic and xAI, sources stated, at the time.
Related: ‘A Real Growing Up Moment For Me’: OpenAI’s 39-Year-Old CEO Says He Learned a Lot from Being Fired
If the fundraising round issuccessful, 39-year-old OpenAI CEO Sam Altman might get an equity stake — a 7% stake would boost his $2 billion fortune by $10 billion, according to Bloomberg approximates, and make him one of the wealthiest individuals in the world.
Altman published on X on Wednesday resolving the top-level departures that tookplace that day.
“Mira, Bob, and Barret made these choices separately of each other and agreeably, however the timing of Mira’s choice was such that it made sense to now do this all at once, so that we can work together for a smooth handover to the next generation of management,” Altman composed.
i simply published this note to