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Sam Altman tells staff there’s no plan for him to receive ‘giant equity stake’

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied reports that he received a "giant equity stake" in the company.

At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a "giant equity stake" in the company, calling that information "just not true," according to a person who was in attendance. While OpenAI has been in hyper-growth mode since the launch of ChatGPT in late 2022, it's been simultaneously riddled with controversy and executive departures, with some current and former employees concerned that the company is growing too quickly to operate safely. OpenAI Chairman Bret Taylor told CNBC that the board has talked about giving Altman a stake, but no specific figures have been discussed.

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