The OpenAI Board has an updated plan for evolving OpenAI’s structure.
OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit. Going forward, it will continue to be overseen and controlled by that nonprofit.
Our for-profit LLC, which has been under the nonprofit since 2019, will transition to a Public Benefit Corporation (PBC)–a purpose-driven company structure that has to consider the interests of both shareholders and the mission.
They aren’t dropping the plan for the nonprofit to have a bunch of other distracting activities, they’re keeping the narrative about “the best funded nonprofit”, they have committees recommending charitable stuff to do, and etc. So I think they’re still trying to neuter the nonprofit, and it remains to be seen what meaningful oversight the nonprofit provides in this new setup.