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Leah Millis | ReutersOpenAI's unusual company structure weakened Sam Altman's position as CEO and left him open to surprise on Friday when he was quickly ousted from the company. But Altman and co-founder Greg Brockman, who also left OpenAI Friday, didn't have the power that Kalanick had. "I have no equity in OpenAI," Altman said in a May Senate hearing on A.I. OpenAI's capped profit structureThe easiest way to think of OpenAI's structure is to picture a waterfall. Limited returnsOpenAI added its capped profit OpenAI Global subsidiary in 2019.
Persons: Sam Altman, OpenAI, Chuck Schumer, Leah Millis, Sam Altman's, Travis Kalanick, Altman, Greg Brockman, didn't, Kalanick, John Kennedy's, Kennedy, Organizations: Intelligence, Senate, U.S, Capitol, Reuters, OpenAI, Microsoft, OpenAI Inc, Global Locations: Washington , U.S, OpenAI
A judicial nominee of President Joe Biden was apparently stumped by Sen. John Kennedy's basic questions about the Constitution during her Senate confirmation hearing Wednesday. “Tell me what Article V of the Constitution does,” Kennedy asked as he began his round of questioning. "I can assure you of that.”It is unclear whether Bjelkengren’s inability to answer Kennedy’s questions will affect her chances of confirmation now that Democrats have a full majority on the floor and in committees. Kennedy’s harsh questioning of judicial nominees has stopped a nominee from being confirmed before. Petersen, who had never tried a case, could not answer Kennedy’s basic law questions either.
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