OpenAI Backs Down on Restructuring Amid Pushback

“Non -profit organizations will control a major contributor to PBC, giving non -profit resources better to support many benefits,” said the Openai Blog post. “Our mission remains the same, and PBC will get the same task.”

In a statement that she was encouraged by OpenAi taking into account their fears and allowing non -profit organizations to keep them. “Now that the company has a new plan, I intend to review it to comply with the Dilayer law by ensuring that it corresponds to the charitable purpose Openai and that the non -profit entity reserves the appropriate control of the profitable entity,” said Gennings.

Elisa Perez, a spokeswoman for the California Prosecutor’s Office, said in a statement that her office was also reviewing the new plan.

Robert Weissman, the co -chair of public citizens, who has long been defending and long criticized Openai, says the startup plans are still not satisfactory. There seem to no new restrictions to ensure commitment to profit for the non -profit Openai mission of taking advantage of all humanity with strong AI tools, as it claims. “This leaves us where we are, and he is with non -profit organizations that claim to control profitability but do not exercise any visible restrictions on profit,” Weissman says to Wire.

Openai plans to non -profitability call for stock contracts at the Public Avenue Company. A recent financing round has put Openai at $ 300 billion, so those shares can be very profitable as they sell or borrow or borrow against it. California’s charitable activists called for non -profit organizations to obtain a “fair value” of stocks, which may lead to the most fundamental foundation ever. They also want the non -profit organization independent of the company, so that commercial interests do not spoil charitable giving. On Monday, activists renewed their invitation to Bonta to closely review whether Openai’s plans will achieve this separation.

Openai spokesman Steve Sharp said that a non -profit organization will have the right to appoint and remove the members of the Board of Directors from the Public Authority. “Transfer to [public-benefit corporation] He added: “The winning structure will remove. PBC will have a traditional capital structure that allows employees, investors, and non -profit equality in stocks directly.”

“Openai is not an ordinary company and will never be,” Altman wrote in an email to the employees who were included in the company’s announcement.

Update 5/5/25 7:35 et: This story was updated to include an additional comment from Openai and the California Prosecutor’s Office.