OpenAI
OpenAI initially planned full for-profit conversion but reversed course in May 2025 after pressure from former employees, academics, and Elon Musk. In October 2025 OpenAI completed restructuring: the nonprofit retained a 26% stake (~$130B) in the for-profit public benefit corporation.
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OpenAI — AI Ethics: MIXED OpenAI initially planned full for-profit conversion but reversed course in May 2025 after pressure from former employees, academics, and Elon Musk. In October 2025 OpenAI comple… https://reciepts.tech/stance/1142
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See all →Reversed course in May 2025 on its plan to convert to an independent for-profit after pressure from state attorneys general in California and Delaware. Nonprofit (OpenAI Foundation) retained control of the new public benefit corporation (OpenAI Group PBC), owning ~26% of equity. Completed restructuring in October 2025. Critics warned the deal creates conflicts of interest and sets a precedent for nonprofits shedding governance accountability.