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  • 5/6/2025
OpenAI will remain under nonprofit control as it restructures into a public benefit corporation, bowing to pressure from former employees and civic groups concerned about governance and safety, according to CNBC. The new structure will allow employees, investors, and the nonprofit to own equity. The nonprofit will retain control of the company, and the nonprofit will appoint the PBC’s board and maintain majority ownership, ensuring its charitable mission remains central. CEO Sam Altman emphasized the decision preserves the alignment between the nonprofit and its commercial arm.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02OpenAI will remain under non-profit control as it restructures into a public benefit corporation
00:06bowing to pressure from former employees and civic groups concerned about governance and
00:11safety, according to CNBC. The new structure will allow employees, investors, and the non-profit
00:15to own equity. The non-profit will retain control of the company, and the non-profit will appoint
00:20the PBC's board and maintain majority ownership, ensuring its charitable mission remains central.
00:25CEO Sam Altman emphasized the decision, preserves the alignment between the non-profit and its
00:32commercial arm.
00:32For all things money, visit Benzinga.com slash GSTV.

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