Sam Altman
Disputed
Major
Primary evidence
Governance
Altman to Congress: 'I have no equity in OpenAI'
Made 2023-05-16 · Audience: Congress
The promise
“I make no — I have no equity in OpenAI. … I get paid enough for health insurance. I have no equity in OpenAI.”
Under oath before the Senate Judiciary Subcommittee, Altman stated he held no equity in OpenAI. The company has since publicly discussed restructuring proposals that would grant Altman a substantial equity stake worth billions of dollars, contradicting the testimony's framing of a disinterested CEO.
What actually happened (2 sourced violations)
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#1
2024-09-25
498 days later
primary evidence
Reuters reports OpenAI is restructuring to a for-profit and that Altman would receive equity for the first time, potentially worth 7% of the company.
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#2
2024-10-04
507 days later
secondary evidence
OpenAI confirms board is considering granting Altman equity in the restructured company.
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