OpenAI's board of directors is reviewing the company's structure to better achieve its mission of ensuring that general-purpose artificial intelligence (AGI) benefits all humanity. As part of this reorganization, OpenAI plans to convert its existing for-profit entity into a Delaware public benefit corporation (PBC) and issue common stock. This transformation is expected to attract more investments in traditional equity form, which will enable OpenAI's non-profit arm to receive far greater resources than ever before.
OpenAI will continue to maintain both non-profit and for-profit entities, with the success of the for-profit entity providing funding support to the non-profit entity. This restructuring balances the interests of shareholders, stakeholders, and the public, ensuring that OpenAI can continue to advance its mission and lead the development of the AGI economy while ensuring its benefits accrue to humans everywhere.
Read OpenAI's full explanation of its restructuring.