Nonprofit Foundation Holds Equity, Oversight Around $130B For-Profit Corporation. The nonprofit OpenAI Foundation now controls a $130 billion for-profit arm after a recapitalization process approved by attorneys general in California and Delaware. The nonprofit retains governance authority and will fund global health and AI risk mitigation programs, backed by regulatory approval.
First seen on govinfosecurity.com
Jump to article: www.govinfosecurity.com/openai-restructures-nonprofit-foundation-retains-control-a-29870
