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OpenAI's unique corporate structure left Sam Altman vulnerable. Now he's out - TL;DR CNBC

OpenAI's unique corporate structure left Sam Altman vulnerable. Now he's out

Publishing timestamp: 2023-11-18 13:41:33


Summary

The article discusses the unusual company structure of OpenAI and how it weakened Sam Altman's position as CEO, leading to his surprise ousting from the company. Altman's lack of equity in OpenAI and the control of the board of directors over the company's subsidiaries are highlighted. The article also mentions the shift to a for-profit model and the capped-profit approach to reward employees and investors. Altman's lack of ownership and protections in the company made him vulnerable to being ousted. The article concludes by mentioning the possibility of litigation and the uncertainty surrounding Altman and OpenAI's future.


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Keywords: venture capitalbusiness newsenterpriseinternettechnologybreaking newsuber technologies incmicrosoft corpbreaking news: technology

Source: https://www.cnbc.com/2023/11/18/openais-structure-left-sam-altman-vulnerable-now-hes-out.html


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