OpenAI convened an All-hands company meeting today following the departure of several senior executives, including CTO Mira Murati. Simultaneously, there were reports that OpenAI was planning to restructure its organization, placing greater emphasis on the For-Profit side to attract more investor interest in injecting capital. This move may raise questions about the primary goal of the organization in developing AGI or multidimensional artificial intelligence capabilities.
CEO Sam Altman informed employees that they would receive a significant amount of OpenAI shares when the organizational restructuring takes place (according to Bloomberg, around 7%). This proposal stems from investors who want the CEO to be rewarded based on performance, although it is yet to be confirmed and discussed.
However, OpenAI President Bret Taylor told CNBC that the board is deliberating on the company’s maximum benefits and has proposed tying Sam’s work performance to company shares. No details on the share allocation or a final decision on this approach have been disclosed yet.
TLDR: OpenAI holds All-hands meeting after high-level executive departures, contemplates organizational restructuring to focus more on For-Profit side for investor interest, potential share rewards for CEO based on performance pending confirmation and discussion.
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