Asia Tech Wire (Sep 27) -- OpenAI CEO Sam Altman denied plans for him to receive a "giant equity stake" in OpenAI at a meeting on Thursday, calling the news untrue.

On the question of his possible acquisition of an equity stake in OpenAI, Altman said there are no plans at this time.

OpenAI board chairman Brett Taylor said the company's board has discussed whether to compensate Altman with equity, but has not yet made a decision.

Previously, people familiar with the matter revealed that OpenAI was discussing allowing Altman to hold a 7% stake in the company and reorganizing it into a for-profit enterprise that would help the community while turning a profit.