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Issue 91 - Follow the Money
Episode 30

Issue 91 - Follow the Money

500 Words by Lee Schneider

September 27, 20244m 17s

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Show Notes

There are many AI unknowns this week. To sort them out, let's follow the money.

OpenAI is restructuring from a non-profit to a for-profit company. Its Chief Technology Officer, Mia Murati, announced that she's leaving. Murati played a pivotal role in getting OpenAI CEO Sam Altman booted from the company last year, and she briefly became its CEO in his absence. Then, with Microsoft's financial backing, Altman regained control over the company. 

Whatever power struggles occurred behind the scenes, they have benefitted Altman. After the restructuring, OpenAI is discussing giving him a 7% equity stake. At OpenAI's current valuation, Altman's 7% would be worth around $10.5 billion. 

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