OpenAI completes its for-profit recapitalization
Update: 2025-10-28
Description
OpenAI has completed its restructuring, transforming into a for-profit company under a non-profit foundation. The non-profit OpenAI Foundation now controls a public benefit corporation, OpenAI Group, with Microsoft owning 27% and the rest distributed among other investors and employees. Microsoft's extended intellectual property rights strengthen their partnership. This change comes after debates and concerns, including Elon Musk's attempt to buy the company. The new structure aims to attract big investments for AI development while maintaining public interest oversight. OpenAI's CEO and chief scientist will host a livestream to address public questions.
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