OpenAI Completes Recapitalization
Era: The LLM Era · 2020s–Present
OpenAI completed the recapitalization of its corporate structure. The for-profit business became a public benefit corporation named OpenAI Group PBC, and the OpenAI Foundation — the nonprofit — continues to control it under the same mission. OpenAI says the recapitalization followed nearly a year of discussions with the California and Delaware Attorneys General.
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OpenAI · Source type: primary-announcement
OpenAI announced completion of its recapitalization and PBC structure.
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