Sam Altman reveals past equity stake in OpenAI contradicting earlier claims

OpenAI CEO Sam Altman recently revealed he had a small equity stake in OpenAI through a Sequoia fund, contradicting his previous claims of owning no equity. He stated he sold this stake and currently holds a negligible amount from a Y Combinator fund. Altman’s past statements emphasized his lack of direct ownership in OpenAI, citing the company's non-profit structure as a reason for not taking equity. OpenAI confirmed his minimal investment, clarifying it was made before he joined full-time. The disclosure comes as OpenAI considers transitioning to a for-profit model, which has raised questions about Altman's potential future equity. The company is also facing legal challenges from Elon Musk regarding its shift away from its original non-profit mission.