OpenAI Weighs Sam Altman Stake In For-Profit Shift | Bloomberg The Pulse 09/26/24

ources tell Bloomberg that OpenAI is discussing giving CEO Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business. The company is considering becoming a public benefit corporation, tasked with turning a profit and also helping society, said the people, who asked not to be identified because the information is private. The transition is still under discussion and a timeline has not been determined, one of the people said. Meanwhile, China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar with the matter. Sources say the funding will mainly come from the issuance of new special sovereign bonds. Today's guests: Mark Haefele, UBS Global Wealth Mgmt CIO; Joseph Davis, Vanguard Chief Economist -------- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse with Francine Lacqua 00:00:41 - Mark Haefele, UBS Global Wealth Mgmt, CIO 00:04:24 - Commerzbank will have first meeting with UnicCredit tomorrow 00:04:50 - OpenAI discussing CEO Sam Altman 7% stake 00:06:06 - OpenAI mulls major changes to become for-profit 00:09:41 - SNB cuts rates by 25bps as expected 00:11:38 - Joe Davis, Vanguard, Chief Economist 00:19:45 - Headlines 00:20:49 - Bloomberg Intelligence analysis on potential change at OpenAI 00:23:44 - Commerzbank CEO comment on UniCredit M&A discussions 00:28:42 - US, EU, allies propose Lebanon truce plan 00:33:29 - Israel figher jets strike Hezbollah targets in Lebanon 00:38:17 - StanChart CEO on European banking activity 00:40:05 - Sodexo sinks as it explores acquisition of Aramark -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts