OpenAI: For-profit companies will be transformed into non-profit companies, and non-profit organizations will retain control of the company
2025-05-05 18:23:53
OpenAI: The Board of Directors has developed an updated plan to evolve the architecture of OpenAI. OpenAI was founded as a non-profit organization, is currently overseen and controlled by the non-profit organization, and will continue to be overseen and controlled by the non-profit organization in the future. Our for-profit LLC will be transformed into a public benefit corporation (PBC) - a purpose-driven corporate structure that must consider the interests of both shareholders and mission. The non-profit organization will control the PBC and become its majority shareholder, thus providing the non-profit organization with better resources to support multiple benefits. (Golden Ten)
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