Comment Comment by tedsanders The nonprofit (OpenAI Foundation) owns ~26% of the for-profit, plus some extra warrants.The for-profit (OpenAI Group PBC) is what's filing the S-1 Draft.The OpenAI Foundation also exclusively appoints the board of the OpenAI Group PBC and can replace directors at any time.https://openai.com/our-structure/(I work at OpenAI, but I am not a lawyer and am not speaking on behalf of OpenAI - just sharing my personal understanding.) parent tedsanders 4 months ago
The for-profit (OpenAI Group PBC) is what's filing the S-1 Draft.
The OpenAI Foundation also exclusively appoints the board of the OpenAI Group PBC and can replace directors at any time.
https://openai.com/our-structure/
(I work at OpenAI, but I am not a lawyer and am not speaking on behalf of OpenAI - just sharing my personal understanding.)