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