Source: OpenAI considers giving Sam Altman 7% stake in for-profit transition

OpenAI is discussing giving CEO Sam Altman a 7% stake in the company and restructuring it into a for-profit business, a major shift that would mark Altman's first ownership of the artificial intelligence startup, people familiar with the matter said. The company is considering becoming a public benefit company to help society while achieving profitability, people familiar with the matter said. The transition is still under discussion and a timetable has not yet been determined, the people said. An OpenAI spokesperson said OpenAI remains "focused on building artificial intelligence that benefits everyone," adding that "nonprofits are at the core of our mission and will continue to exist." (Jinshi)