LessWrong (30+ Karma)

“Nonprofit to retain control of OpenAI” by Archimedes

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The OpenAI Board has an updated plan for evolving OpenAI's structure.

  • 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.
  • Our for-profit LLC, which has been under the nonprofit since 2019, will transition to a Public Benefit Corporation (PBC)–a purpose-driven company structure that has to consider the interests of both shareholders and the mission.

    • ---

    First published:

    May 5th, 2025

    Source:

    https://www.lesswrong.com/posts/28d6TmCT4v7tErihR/nonprofit-to-retain-control-of-openai

    ---

    Narrated by TYPE III AUDIO.

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