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Fortune
Fortune
Marco Quiroz-Gutierrez

Sam Altman denies plan to give him equity in for-profit OpenAI

Sam Altman OpenAI Bret Taylor Ilya Sutskever John Schulman Mira Murati
(Credit: Stefano Guidi—Getty Images)

OpenAI may be changing to a for-profit company, but according to CEO Sam Altman, that doesn’t mean he’s about to strike it rich.

Altman told OpenAI employees in an all-hands meeting Thursday that there are no plans to give him a “giant equity stake” in the newly for-profit enterprise, CNBC reported, citing an anonymous employee. On the subject of his receiving an equity stake in the company, Altman reportedly added, “There are no current plans here.”

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