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Latest news on September 26, 2024: OpenAI is considering a shift to a for-profit structure, granting CEO Sam Altman a 7% equity stake. This change follows the departure of key executives and aims to align profit generation with its mission of benefiting society. No timeline has been set.
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Business News LIVE Updates : OpenAI plans to convert to a for-profit company, give Sam Altman 7% stake
- OpenAI plans to give CEO Sam Altman a 7% equity stake and transition to a for-profit model. This follows senior management departures in the company.
Business News LIVE Updates : IMF approves a $7 billion loan for Pakistan, $1 billion given immediately
- The IMF has approved a $7 billion loan for Pakistan, aimed at boosting its struggling economy, with disbursement starting at $1 billion.
News business Business News LIVE Updates Today September 26, 2024: OpenAI plans to convert to a for-profit company, give Sam Altman 7% stake