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OpenAI Weighs Sam Altman Stake In For-Profit Shift | Bloomberg The Pulse 09/26/24
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September 26, 2024
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41:41Now Playingources tell Bloomberg that OpenAI is discussing giving CEO Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business. The company is considering becoming a public benefit corporation, tasked with turning a profit and also helping society, said the people, who asked not to be identified because the information is private. The transition is still under discussion and a timeline has not been determined, one of the people said. Meanwhile, China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar with the matter. Sources say the funding will mainly come from the issuance of new special sovereign bonds.
Today's guests: Mark Haefele, UBS Global Wealth Mgmt CIO; Joseph Davis, Vanguard Chief Economist
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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