Sam Altman: OpenAI nonprofit will retain control of the 300 billion company
OpenAI CEO Sam Altman made the unicorn of unicorns. In just 10 years, he created a company valued at 300 billion, and in the process, delivered a new technology with potentially world-changing implications. And he's had to do it all under the control of the OpenAI nonprofit. It's a Silicon Valley dream come true, but also a capitalist's nightmare scenario. After previous moves to turn OpenAI into a for-profit enterprise, Altman revealed today an "updated plan for evolving [the company's] structure."
May-5-2025, 23:42:14 GMT