OpenAI completed a recapitalization that simplifies its corporate structure and gives the nonprofit a direct path to massive resources before general intelligence arrives. What does this mean for the mission of making AGI benefit all of humanity? A lot — but with nuances.

What changed

The nonprofit entity is now called OpenAI Foundation and it controls the for-profit entity. That equity stake in the for-profit is valued at roughly $130 billion. The recapitalization also includes mechanisms for the Foundation to increase its ownership if the company hits certain valuation milestones.

The for-profit business became a public benefit corporation called OpenAI Group PBC. The goal is to keep the mission front and center while allowing commercial growth that increases the Foundation’s stake value.

The Foundation retains control and can use the company’s accumulated value to fund large-scale philanthropic work.