OpenAI completes its for-profit recapitalization
October 29, 2025
OpenAI on Tuesday said it had completed its recapitalization, splitting the AI lab into a for-profit corporation nested inside a non-profit foundation. It’s the end result of a complex legal process that had been strenuously resisted by its estranged co-founder, Elon Musk.
Under the new structure, the non-profit OpenAI Foundation will have legal control over a public benefit corporation…