OpenAI Restructures, Nonprofit Foundation Retains Control
The nonprofit OpenAI Foundation now controls a $130 billion for-profit arm after a recapitalization process.
OpenAI completed a recapitalization and corporate restructuring, clarifying the relationship between its nonprofit mission and for-profit operations.
- The nonprofit OpenAI Foundation ensures artificial general intelligence benefits all of humanity.
- It maintains control and oversight of the OpenAI Group public benefit corporation.
- The Foundation retains the right to appoint and remove board members of the OpenAI Group.
- It enforces decisions on AI safety and security matters.
Artificial general intelligence benefits all of humanity
Author's summary: OpenAI restructures under nonprofit foundation control.