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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.
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OpenAI — AI Ethics: MIXED 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 Foundat… https://reciepts.tech/stance/1221