#no equity

OpenAI is reportedly contemplating a restructuring of its core business into a for-profit benefit corporation, which could potentially grant CEO Sam Altman an equity stake. According to a Bloomberg report, if the company raises funds valuing OpenAI at $150 billion, and Altman receives a 7% stake, his net worth could soar by over $10 billion, placing him among the world's wealthiest individuals.

Altman has often stated that he does not hold equity in OpenAI, asserting that he has sufficient financial resources. During a Senate hearing last year, he mentioned, “I am paid enough to cover health insurance; I have no equity in OpenAI,” emphasizing that his motivation is driven by passion rather than profit. However, he has also expressed a desire for a stake to avoid questions about his financial interests.

Current Structure of OpenAI

OpenAI was founded as a non-profit organization with the mission of developing safe and beneficial artificial general intelligence (AGI) for humanity's benefit. The organization is governed by the board of the OpenAI Nonprofit, which includes members such as Bret Taylor (Chair), Sam Altman, Adam D’Angelo, Dr. Sue Desmond-Hellmann, Retired General Paul M. Nakasone, Nicole Seligman, Fidji Simo, Larry Summers, and Zico Kolter.

Although Altman co-founded OpenAI in 2015, he has not previously held any equity. Securing shares would allow him to financially benefit from one of his most significant ventures. A prior Bloomberg report indicated that OpenAI is in discussions to raise $6.5 billion from investors, which would position it as one of the most valuable startups in the world.

Bret Taylor, chair of OpenAI’s board, stated that discussions are ongoing. He noted, “The board is assessing whether granting Sam equity would be beneficial for the company and its objectives, but no concrete terms have been discussed, and no decisions have been finalized yet.”

He Who Departs from Evil

Isaiah 59:14-15.

14 And judgment is turned away backward, and justice standeth afar off: for truth is fallen in the street, and equity cannot enter.

15 Yea, truth faileth; and he that departeth from evil maketh himself a prey: and the Lord saw it, and it displeased him that there was no judgment.

Israel had been turned upside down in their morals, obedience, and judgment. Truth was…