Altman lays out new OpenAI corporate structure following regulatory approval
( October 28, 2025, 21:53 GMT | Official Statement) -- MLex Summary: In a lengthy public presentation about OpenAI's recapitalization to become more of a for-profit enterprise through conversion of a public benefit corporation, Chief Executive Sam Altman illustrated the generative AI giant's new corporate structure approved by the attorneys general of California and Delaware. "We have a nonprofit called the OpenAI Foundation that is in control of where the board sits . . . and owns a slice of our PBC public benefit corporation called OpenAI Group — so, 'nonprofit in control, public benefit corporation sits under it.' We hope for the OpenAI Foundation to be the biggest nonprofit ever," Altman said.See attached Altman diagrams....
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