Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025.
Jason Redmond | AFP | Getty Images
OpenAI on Thursday said its nonprofit parent will continue to have oversight over the company and will own an equity stake of more than $100 billion.
The artificial intelligence startup, recently valued at $500 billion, said this structure will make the nonprofit “one of the most well-resourced philanthropic organizations in the world,” and will allow the company to continue to raise capital.
“This structure reaffirms that our core mission remains ensuring AGI benefits all of humanity,” OpenAI Chairman Bret Taylor wrote in a statement. “Our PBC charter and governance will establish that safety decisions must always be guided by this mission.”
This is breaking news. Check back for updates.