OpenAI transforms into a profitable enterprise, Altman may hold 7% shares, executive Murati resigns?

09/26 2024 451

According to insiders, OpenAI is considering transforming into a public interest company that pursues profits while also dedicating itself to helping society. CEO Altman is expected to acquire 7% of the shares, which means Altman will become a shareholder of this AI startup for the first time.

Currently, this transformation plan is still under discussion, and a specific timeline has not been set. In a statement, an OpenAI spokesperson said that the company remains "focused on building AI that benefits everyone" and emphasized that "non-profit organizations are at the core of our mission and will continue to exist."

Against the backdrop of frequent changes in senior management, this transformation plan is particularly important. On Wednesday, Mira Murati, a key figure at OpenAI, announced that she would be leaving the company. This is another major personnel change following Altman's dismissal and subsequent rehiring last year. In the past few months, OpenAI has been in a state of instability, with multiple executives departing and the team structure changing.

In a statement, Murati said she chose to leave to "create time and space for personal exploration." Altman expressed deep gratitude for Murati's contributions and emphasized her importance to OpenAI and its mission. He also mentioned that more information about the company's transformation plan would be disclosed to employees soon.

It is reported that Murati has not yet set a specific resignation date and is still discussing succession plans, including timelines, with OpenAI's leadership. She wrote in her post, "At present, my top priority is to ensure a smooth transition and maintain the momentum we have built."

Founded in 2015 as a non-profit research organization, OpenAI's goal is to build AI that benefits humanity safely. In 2019, to fund the high costs of AI model development, the company established a for-profit subsidiary and attracted billions of dollars in investments from companies such as Microsoft. This month, it was reported that OpenAI is seeking to raise $6.5 billion at a valuation of $150 billion, which would make it one of the world's most valuable startups.

Altman was known for not accepting shares in the company, emphasizing that its goal was to broadly benefit society and that he "already had enough money." However, he occasionally mentioned in interviews that if he had accepted shares, people wouldn't keep asking him about it.

On Wednesday, many employees were shocked by the news of Murati's resignation. Multiple OpenAI employees responded to the news with "WTF" emojis on the company's internal Slack channel.

Murati, an Albanian-born Dartmouth College-educated engineer, played a pivotal role in driving the launch of the company's main products, including the popular ChatGPT chatbot, DALL-E image generation software, and the recently released advanced speech mode that allows users to converse with ChatGPT in real-time.

Since Altman's dismissal and subsequent rehiring last year, Murati's departure marks the latest executive exit from OpenAI. Chief Scientist Ilya Sutskever left the company in May. In August, co-founder Greg Brockman announced that he would take a sabbatical until the end of the year, and researcher John Schulman switched to AI competitor Anthropic. These departures leave only two members of OpenAI's original founding team: Altman and Wojciech Zaremba.

In her resignation statement, Murati expressed gratitude for working with the OpenAI team. She wrote, "Together, we pushed the boundaries of scientific understanding to improve human well-being."

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