Sam Altman Poised For $10.5B Payday As OpenAI Transitions To For-Profit Model With $150B Valuation On Horizon
Portfolio Pulse from Rounak Jain
OpenAI is transitioning to a for-profit model, potentially leading to a $150 billion valuation and a $10.5 billion payday for CEO Sam Altman. This move, backed by Microsoft, aims to attract more investors but has sparked controversy, including legal challenges from Elon Musk.
September 26, 2024 | 11:19 am
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Microsoft-backed OpenAI's transition to a for-profit model could enhance Microsoft's investment value, potentially boosting its stock price. However, legal challenges and internal leadership changes at OpenAI may introduce risks.
Microsoft's backing of OpenAI's transition to a for-profit model could increase the value of its investment, potentially benefiting Microsoft's stock. However, the legal challenges and leadership changes at OpenAI could pose risks, making the impact moderately positive but uncertain.
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