OpenAI has completed a recapitalization that streamlines its corporate structure, allowing the nonprofit OpenAI Foundation to control the for-profit entity. This change positions the Foundation to leverage its substantial resources, estimated at $130 billion, to fund health advancements and develop AI resilience solutions benefiting all of humanity.
OpenAI has completed its recapitalization, solidifying its nonprofit status through the newly established OpenAI Foundation, which retains a controlling stake in its for-profit entity now called OpenAI Group PBC. Microsoft, a major investor, supports this structure and will not have first rights to OpenAI's computing services, while both companies will collaborate on developments including independent paths toward achieving Artificial General Intelligence (AGI).