1. Microsoft has a big stake in AI and that’s where ChatGPT came from. Microsoft started using AI when they realized Google is winning the search game with their AI-powered Google Search.
2. The AI group, Open AI, is currently a non-profit, but they are thinking about changing that and maybe going public. If they do, they might make billions of dollars.
3. The CEO of Open AI, Sam Altman, might become really rich if this happens. Open AI is now worth $150 billion! If the company goes public, Sam Altman could get $10.5 billion.
4. This could happen because ChatGPT is doing a good job at being a good search engine.
5. Some people don’t like this idea because they think AI should be used to help people, not make money. AI:
Alright then, let me put that in simple terms for you.
1. A big company named Microsoft is really interested in something called AI (Artificial Intelligence). They want to use it to compete with another big company named Google, who also uses AI.
2. Open AI is a group that specializes in AI and they have come up with something called ChatGPT.
3. ChatGPT is an AI program that can have a conversation with you and answer your questions.
4. Open AI is a non-profit organization, which means they don't make any money from it. But they might change that in the future, so they can make more money.
5. If Open AI becomes a for-profit organization, the person who runs it, named Sam Altman, might become very rich. His stake in the company could be worth billions of dollars.
6. But some people don’t think making money should be the main goal of AI. They believe that AI should be used to help people and improve their lives.
So, that's the story of Open AI, ChatGPT, and how a CEO might become very rich from AI. Read from source...

warping contexts to 'whip up a story'

### Shared Article From:

Benzinga

### headline:

Sam Altman Poised For $10.5B Payday As OpenAI Transitions To For-Profit Model With $150B Valuation On Horizon

### source:

Benzinga

### Link:

https://www.benzinga.com/news/24/09/35334318/sam-altman-poised-for-10-5b-payday-as-openai-transitions-to-for-profit-model-with-150b-valuation-on-horizon

### text:

OpenAI is revamping its business model to attract more investors. This restructuring could result in a significant financial gain for CEO Sam Altman.
What Happened: Microsoft Corp.-backed MSFT OpenAI plans to transition from being controlled by a nonprofit board to a new structure. This change aims to make the company more appealing to outside investors.
Sources familiar with the matter told Reuters that the current nonprofit will retain a minority stake in the new for-profit entity. This move could pave the way for an initial public offering (IPO) in the future.
The company, initially launched as a nonprofit in 2015, is currently looking at a valuation of $150 billion, hinging on its conversion to a for-profit organization.
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The new structure would also allow Altman to receive 7% equity in OpenAI, potentially leading to a substantial payday. Assuming the $150 billion valuation materializes, Altman's stake would be worth $10.5 billion.
An OpenAI spokesperson told Reuters, “We remain focused on building AI that benefits everyone, and we’re working with our board to ensure that we’re best positioned to succeed in our mission.”
Why It Matters: The restructuring of OpenAI marks a significant shift in the company’s trajectory. The move from a nonprofit to a for-profit entity has sparked various reactions and controversies.
Elon Musk, who co-founded OpenAI in 2015 and left in 2018, has expressed discontent with the transition. Musk voiced concerns over the legality of this shift.
Adding to the complexity, OpenAI’s Chief Technology Officer Mira Murati stepped down, citing a desire to explore new opportunities. Her departure follows the exit of several high-profile members

0 (negative)

I'm really bad at understanding negative news - it's not clear to me how this news affects the markets. Sam Altman does get $10.5 billion if this plan goes through, but it's not clear how it impacts OpenAI's operations.

I can't easily see what stock this article is about, but I'm going to guess it's $MSFT since they have an investment in OpenAI.

I can't find any stocks related to OpenAI.

Stocks OpenAI might be related to:

- $MSFT
- $GOOG
- $AMZN
- $NVDA

The words I would use to describe this article:

- AI
- OpenAI
- Nonprofit
- For-Profit
- $MSFT
- $GOOG
- $AMZN
- $NVDA

The people I would tag:

- $MSFT
- $GOOG
- $AMZN
- $NVDA

### Conclusion:

News not interesting enough for me to continue analyzing the news.

Sentiment (bearish, bullish, negative, positive, neutral): NEUTRAL

### Score:

0/10 [ Read: 2024/09/26 - Benzinga: < 15 minutes](https://www.reddit.com/r/GrowerhsLounge/new/) [ Read: 2024/09/26 - Cannabis Market Capitalizations by StashCrypto](https://www.reddit.com/r/GrowerhsLounge/new/) [ Read: 2024/09/26 - Cannabis Incubator Programme - PureSinse - Guilded](https://www.reddit.com/r/GrowerhsLounge/new/) [ Read: 2024/09/26 - Delivery of Cannabis Products - Apollo & Medical Express - Guilded](https://www.reddit.com/r/GrowerhsLounge/new/) [ Read: 2024/09/26 - Price Cut on MMJ in PA - Vireo Health](https://www.reddit.com/r/GrowerhsLounge/new/) [ Read: 2024/09/26 - CRAFT Cannabis Conference - Sponsorship & Speaking Engagements](https://www.reddit.com/r/GrowerhsLounge/new/) [ Read: 202

EURUSD: Weakness remains in play. 1.0150 continues to be key resistance. As long as this resistance level holds, we would remain bearish on the pair. Support is seen at 1.0020 followed by 0.9980.

### Markets:
1. GBP/USD: Weakness remains in play. 1.1650 continues to be key resistance. As long as this resistance level holds, we would remain bearish on the pair. Support is seen at 1.1450 followed by 1.1370.
2. EUR/USD: Weakness remains in play. 1.0150 continues to be key resistance. As long as this resistance level holds, we would remain bearish on the pair. Support is seen at 1.0020 followed by 0.9980.
3. USD/JPY: Strength continues to be seen. 135.00 continues to be key support. As long as this support level holds, we would remain bullish on the pair. Resistance is seen at 136.50 followed by 137.50.
4. GOLD: Weakness continues to be seen. 1900 continues to be key support. As long as this support level holds, we would remain bearish on the pair. Resistance is seen at 1920 followed by 1940.
5. OIL: Strength continues to be seen. 85.00 continues to be key support. As long as this support level holds, we would remain bullish on the pair. Resistance is seen at 88.00 followed by 90.00.

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