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.
The OpenAI Board has an updated plan for evolving OpenAI’s structure.