08:39 AM EDT, 09/27/2024 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI chief executive officer Sam Altman told an all-hands meeting that recent media reports suggesting he will receive a large "equity stake" in the artificial intelligence company are "just not true," CNBC reported late Thursday.

These media reports followed a decision Wednesday by OpenAI's board to consider making the company a for-profit entity.

Regarding the possibility of such plans in the future, Altman said "there are no current plans" for him to be given ownership equity, the report said, quoting a person in attendance.

OpenAI did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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