The nonprofit arm, now called the OpenAI Foundation, will have a $130 billion stake in the for-profit enterprise.
OpenAI said it has reorganized its ownership structure and converted its business into a public benefit corporation.
OpenAI FILE - The OpenAI logo appears on a mobile phone in front of a computer screen with random binary data, March 9, 2023, in Boston. (AP Photo/Michael Dwyer, File ...
FILE - The OpenAI logo appears on a mobile phone in front of a computer screen with random binary data, March 9, 2023, in Boston. (AP Photo/Michael Dwyer, File) FILE - The OpenAI logo appears on a ...
The deal removes a major constraint on raising capital for OpenAI, which was founded as a nonprofit AI safety group.