Tag: equity stake

israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

Zomato picks up 8% stake in kitchen appliances startup Byondnxt

 October 22, 2024  Leave a Comment on Zomato picks up 8% stake in kitchen appliances startup Byondnxt

Food and grocery delivery company Zomato is acquiring an 8% equity stake in kitchen appliances startup Byondnxt Smart Home Pvt Limited, for Rs 6,000, the…

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OpenAI is considering a shift to a for-profit structure, granting CEO Sam Altman a 7% equity stake. This change follows the departure of key executives and aims to align profit generation with its mission of benefiting society. No timeline has been set.(Reuters)
Posted in Business

OpenAI plans to convert to a for-profit company, give Sam Altman 7% stake

 September 26, 2024  Leave a Comment on OpenAI plans to convert to a for-profit company, give Sam Altman 7% stake

Sep 26, 2024 08:24 AM IST OpenAI plans to give CEO Sam Altman a 7% equity stake and transition to a for-profit model. This follows…

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