OpenAI Restructures, Nonprofit Foundation Retains Control
Nonprofit Foundation Holds Equity, Oversight Around $130B For-Profit Corporation
The nonprofit OpenAI Foundation now controls a $130 billion for-profit arm after a recapitalization process approved by attorneys general in California and Delaware. The nonprofit retains governance authority and will fund global health and AI risk mitigation programs, backed by regulatory approval.
The nonprofit OpenAI Foundation now controls a $130 billion for-profit arm after a recapitalization process approved by attorneys general in California and Delaware. The nonprofit retains governance authority and will fund global health and AI risk mitigation programs, backed by regulatory approval.