OpenAI boss to be handed £8bn in shares
- Marcel Shackleton
- Sep 27, 2024
- 1 min read
OpenAI stunned the world with the announcement that they are to convert to a for-profit business after years with a non-profit status.
The new capitalisation of the business would hand OpenAI boss Sam Altman an £8billion stake in the company, catapulting him to multi-billionaire status instantly. He is already estimated to be worth £750million. His stake would represent a 7% interest in the company.
The company is looking to raise £5billion in fresh capital currently. They have received £7billion from Microsoft and will be worth £112billion after their latest fundraise.
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