OpenAI has adjusted its corporate restructuring plan to maintain nonprofit oversight amid pressure from civic leaders and regulatory authorities. CEO Sam Altman announced that while its for-profit subsidiary will transform into a Public Benefit Corporation, the parent nonprofit will remain in control. This decision follows concerns raised by former AI employees and researchers about potential governance issues with the original plan, which aimed to shift more power to the for-profit segment. OpenAI commits to continuing discussions with stakeholders to align its operations with its nonprofit mission.
We made the decision for the nonprofit to stay in control after hearing from civic leaders and having discussions with the offices of the Attorneys General.
OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit.
Going forward, it will continue to be overseen and controlled by that nonprofit.
This restructuring effort was influenced by urgent discussions regarding the alignment of OpenAI's operations with its nonprofit obligations.
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