Let's start with this idea of open by adjusting its business model. What if sources told us they told us that the company is considering shifting from this nonprofit status that it's had for a number of years? It has right now announced it is a non-profit, that it also has a very complicated organizational structure and that it may shift its main business to being a for-profit public benefit corp, and also that they are considering whether Sam Altman might have a significant stake in it. As you mentioned, 7%. Right. Could which could translate to a huge financial windfall for him. Right. Rachel, Unsurprisingly, like loads of people have asked me, I'm sure they've asked you, our audience on Bloomberg Technology like, do the math. How much does that mean in terms of well, for Sam Altman? I think it's too early to do the math right. We'll get to it when the round is close and those things.

Now this is news. Sam Altman has actually been speaking today in Turin, Italy at Tech Week, Italy. And this is what he said. He was basically asked if Mira Marathi, who is the chief technology officer who announced her resignation 24 hours ago, is leaving because of this restructuring initiative. He said, No, I think this is just about people being ready for new chapters of their lives and a new generation of leadership. Again, you and I have spoken to sources who have been telling us about what's going on. My understanding is that Marathi is still technically there negotiating an exit, and staff are a little bit worried. Yeah. I mean, I think there's a couple of things happening. One is that the company has seen a huge amount of organizational and leadership shifting since Sam was briefly ousted and then came back as CEO late last year. So a lot of things have happened in a fairly short period of time, especially

at the top. They have a whole new board, basically. They have a lot of changes at the sea level, at the company. People go and people coming. And also founders have left at this point. There's two founders still there, Sam Altman being one of them, and a third, Greg Brockman is on leave at least until until the end of the year. So employees are seeing a lot of changes. But one thing that we do know about Marty's exit that Sam actually said publicly yesterday was that she it sounded like it was a surprise to him. He said in a post on Ex yesterday that Mira told him she was leaving. He said this morning this was this was yesterday, the day that this happened. So it sounds like it might have been a surprise to everyone, including him.

OpenAI Discusses 7% Stake for Altman in For-Profit Shift

Welcome to the Bloomberg Technology YouTube channel. Subscribe for original series and mini-docs on game-changing technologies, profiles on innovators, live conversations with experts, and breaking technology news & analysis from Bloomberg TV.

OpenAI Discusses 7% Stake for Altman in For-Profit Shift

OpenAI Discusses 7% Stake for Altman in For-Profit Shift

Scripts