OpenAI Will Convert To Public Benefit Corporation, Maintain Mission Under Nonprofit Oversight

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.