OpenAI Rewired: Altman Says Full Auto AI Researcher by ’28
OpenAI restructures: non-profit keeps 26%, targets health & AI resilience with $25B, plus fully automated AI researchers by 2028.
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Just yesterday, OpenAI announced the completion of its capital restructuring and simplification of its company structure.
Specifically, the non-profit organization still controls the for-profit entity and will have direct access to substantial resources before AGI arrives.
This non-profit organization is now called the OpenAI Foundation, which holds a 26% stake in the for-profit entity (referred to as OpenAI Group below), currently valued at approximately $130 billion. The remaining 47% of shares are held by current and former employees and investors. This also makes the Foundation one of the most well-resourced charitable organizations in history.
This capital restructuring also enables the OpenAI Foundation to gain additional ownership when the for-profit entity reaches valuation milestones.