According to BlockBeats, on September 26, people familiar with the matter said that OpenAI is discussing allowing CEO Sam Altman to hold a 7% stake in the company and reorganize it into a for-profit enterprise. This major change will mark the first time Altman has acquired ownership of the artificial intelligence startup.

The company is considering becoming a public benefit corporation, helping society while achieving profitability, the people said. The transition is still under discussion and a timeline has not yet been determined, the people said. An OpenAI spokesperson said OpenAI remains “focused on building artificial intelligence that benefits everyone,” adding that “nonprofits are at the core of our mission and will continue to exist.”

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