OpenAI CEO Sam Altman Denies Rumors of 'Giant Equity Stake,' Addressing Rumors at An All-Hands Meeting

OpenAI CEO Sam Altman denied claims of receiving what he referred to as a giant equity stake at a company all-hands meeting, emphasizing that no current plans exist. OpenAI Chairman Bret Taylor confirmed the board had discussed Altman’s compensation, but no specific figures or decisions have been made. The meeting followed discussions of restructuring OpenAI into a for-profit business while keeping a nonprofit segment. Multiple executives, including CTO Mira Murati, announced their departures amid these changes. OpenAI is currently pursuing funding, with a valuation exceeding $150 billion.