Sam Altman tells OpenAI staff there's no plan for him to receive 'giant equity stake' in company

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At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied reports that he received a 'giant equity stake' in the company.

At an all-hands meeting Thursday, OpenAI CEO Sam Altman said there are no plans for him to get a "giant equity stake" in the company.

Altman and finance chief Sarah Friar both said at the meeting, conducted by video, that investors have raised concerns about Altman not having equity in the high-valued artificial intelligence company that he co-founded almost nine years ago, said the person, who asked not to be named because the gathering was only for employees.

OpenAI Chairman Bret Taylor told CNBC in a statement that while the board has talked about the matter, no specific figures are on the table. In an interview on Thursday at Italian Tech Week, Altman said, "I think this will be hopefully a great transition for everyone involved and I hope OpenAI will be stronger for it, as we are for all of our transitions."

 

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