Recently, OpenAI announced the completion of its company restructuring, officially transforming its AI laboratory into a for-profit company called OpenAI Group. This new structure operates under the supervision of the non-profit OpenAI Foundation, allowing OpenAI Group to raise funds and make acquisitions without being constrained by traditional legal limitations. The OpenAI Foundation will continue to hold significant shares in OpenAI Group and have the authority to appoint board members.

OpenAI, artificial intelligence, AI

Brett Taylor, chairman of OpenAI, stated in a blog post that they believe the most powerful technologies must be developed based on global common interests. This restructuring will provide OpenAI with greater flexibility to advance artificial intelligence technology and ensure that its achievements benefit a broader audience.

According to the new structure, the OpenAI Foundation will hold 26% of the shares in OpenAI Group, and if the company continues to grow, the foundation may acquire more shares. Additionally, early investor Microsoft will hold approximately 27% of the shares, valued at $135 billion. The remaining shares will be held by other investors and employees. Microsoft also revealed that this transaction will extend its control over the intellectual property of OpenAI models until 2032. If OpenAI achieves its long-term goal of general artificial intelligence, the agreement requires the company to provide verification from an independent expert panel.

Previously, OpenAI operated as a non-profit organization, facing strict equity rules. The need for funding prompted the company to restructure. In April this year, SoftBank announced an unprecedented investment of $3 billion in OpenAI, marking the success of the restructuring.

Notably, co-founder Elon Musk had attempted to acquire OpenAI for $97.4 billion. Additionally, judicial departments in California and Delaware conducted legal investigations into this restructuring. Taylor stated that these investigations spurred discussions and prompted the company to make some important adjustments to better serve OpenAI and the public.

Key Points:

🌍 OpenAI has completed its restructuring, transitioning into a for-profit company to promote the development of AI technology.

💼 The OpenAI Foundation holds 26% of the shares in OpenAI Group, while Microsoft holds 27% of the shares.

🔍 The restructuring process triggered legal investigations, and Musk had previously attempted to acquire OpenAI for $97.4 billion.