Delaware AG reaches deal with OpenAI on recapitalization
( October 28, 2025, 14:54 GMT | Official Statement) -- MLex Summary: Delaware Attorney General Kathy Jennings announced that her office will not object to the proposed corporate recapitalization transaction of Open AI. In connection with the decision, Jennings secured commitments from the company to ensure the ongoing primacy of the planned nonprofit unit’s public safety mission throughout the new OpenAI enterprise, as well as additional provisions to ensure the ability of the nonprofit to sustain its mission. “These reforms are designed to help this technology realize its extraordinary potential to benefit humanity—from unlocking unprecedented access to information for underserved communities, to accelerating advances in scientific and medical research—rather than to harm it. This was a long and intensive negotiation—but I am pleased that OpenAI committed to a governance structure going forward that requires primacy for safety and security, and to utilize this technology and this corporation’s resources to benefit the public,” Jennings said.Statement follows below:...
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