OpenAI’s for-profit switch could include equity for Sam Altman

OpenAI describes its business structure as “a partnership between our original Nonprofit and a new capped profit arm,” which has been a contributing factor in last year’s short-lived board coup against CEO Sam Altman and a recent lawsuit by cofounder Elon Musk. But that’s reportedly set to change along with a massive new funding round that’s still being negotiated but could value the ChatGPT maker at more than $150 billion.

Now, Reuters cites unnamed sources saying that part of the new plan includes providing an unspecified amount of equity to Altman for the first time. It says that in the new structure, OpenAI would proceed as a for-profit benefit corporation, like rival AI company Anthropic.

That business would “no longer be…

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