Corporate structure

2 entries between March 2019 and October 2025.

Every entry

  1. OpenAI sells shares at $500 billion and converts to a PBC

    Current and former employees sold about $6.6 billion in OpenAI shares at a $500 billion valuation, Bloomberg reported on 2 October 2025. OpenAI announced its conversion to OpenAI Group PBC on 28 October, after talks with California and Delaware attorneys general.

  2. OpenAI restructures as the capped-profit OpenAI LP

    OpenAI said on 11 March 2019 that it had created OpenAI LP, a capped-profit company controlled by its original nonprofit board, in order to raise investment. Returns to first-round investors were capped, with profit beyond the cap passing to the nonprofit.