2025-10-28
>>the OpenAI Foundation appoints all members of the board of directors of OpenAI Group and can replace directors at any time This is a good lever of control and more than what I expected the nonprofit to get. Grateful to AGs Bonta and Jennings for their constructive involvement
OpenAI
OpenAI completes its recapitalization, “simplifying” its structure; OpenAI Foundation now has equity valued at ~$130B and still controls the OpenAI for-profit
OpenAI has completed its recapitalization, simplifying its corporate structure. The nonprofit remains in control …
2025-05-06
Glad you're making this commitment. I do think it's unfortunate that you only made it after public pressure and the Attorneys General getting involved. Had you done this back in December, it would have looked like principle, not like you got dragged kicking and screaming. Still, regardless of your true motivations, this decision is a win for the broader public. We'll be watching closely to make sure nonprofit control remains more than just words on paper.
TechCrunch
OpenAI backtracks and says its nonprofit will remain in control of its business operations, after a “constructive dialogue” with civic leaders and DE and CA AGs
so it's making a change Aaron McDade / Yahoo Finance : OpenAI Scraps For-Profit Plans New York Times : The Stakes for OpenAI's Plan B The Irish Times : OpenAI ditches plan to conve...
Glad you're making this commitment. I do think it's unfortunate that you only made it after public pressure and the Attorneys General getting involved. Had you done this back in December, it would have looked like principle, not like you got dragged kicking and screaming. Still, regardless of your true motivations, this decision is a win for the broader public. We'll be watching closely to make sure nonprofit control remains more than just words on paper.
Bloomberg
Sources: Microsoft remains the biggest holdout among investors in OpenAI's restructuring, seeking assurance that the changes will protect its $13.75B investment
After months of public pressure, OpenAI walked back part of its effort to create a more conventional for-profit company …
2025-04-12
Today, myself and 11 other former OpenAI employees filed an amicus brief in the Musk v Altman case. We worked at OpenAI; we know the promises it was founded on and we're worried that in the conversion those promises will be broken. The nonprofit needs to retain control of the for-profit. This has nothing to do with Elon Musk and everything to do with the public interest.
TechCrunch
A group of former OpenAI employees files an amicus brief in support of Elon Musk in his lawsuit opposing OpenAI's for-profit transition
it's not getting much in return Hayden Field / CNBC : Ex-OpenAI staffers support Musk's case against startup's effort to transform into for-profit company Matthias Bastian / The De...