21 Nov 2023

The corporate structure of OpenAI by Chartr or how a generationally-important company like OpenAI could be plunged into such chaos is partly down to its unique corporate model

Following the company's structure from top to bottom — even with a few subsidiaries thrown in — reveals that the board of directors had ultimate control to make decisions over both the nonprofit and for-profit OpenAI entities... leaving anchor investor Microsoft blindsided by Altman’s ousting just moments before the public announcement. The company that launched ChatGPT less than a year ago claims that its structure is designed to develop artificial general intelligence that’s “safe and benefits all of humanity”, with the capped profit arm of OpenAI, first introduced in 2019, able to issue equity and raise capital to further the work of the original nonprofit that was established in 2015. Source: Chartr


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