24 ms·
> Chief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion after the restructuring A
by randomtoast 2y ago
> Chief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion after the restructuring
A net worth of $150 billion is quite an achievement.
- csallen 2y agoIt's saying the company itself is worth $150B, not Sam Altman's net worth
- aleph_minus_one 2y ago$150B is just a (somewhat arbitrary) estimate of the current value of OpenAI.
- tananaev 2y agoPoorly phrased. $150 billion is the total company valuation, not the share that Sam would receive.
- Lerc 2y agoIs the article linked on archive different? This text is not in the article I read.
- deleted 2y ago[deleted]
- sorenjan 2y agoDon't play their game where they pretend that their net worth is proportional to their achievements.
- jjulius 2y agoIf anybody is as confused as I was, the quote in this comment is from a separate article from weeks back... https://www.reuters.com/technology/artificial-intelligence/openai-remove-non-profit-control-give-sam-altman-equity-sources-say-2024-09-25/ https://www.reuters.com/technology/artificial-intelligence/o...
- tivert 2y ago> A net worth of $150 billion is quite an achievement. And not too long ago he was touting he was in it for the good of humanity, and "proved" it by only taking a $60k salary with no equity. A true paragon of honesty and straight-dealing.
- orra 2y agoIndeed. Plus it's rather late in the company lifespan for them to be handing out large swathes of equity. A weird decision for a company nominally controlled by a non-profit.
- _sword 2y agoReads like a play to dilute the power of executives that departed