Delaware AG Approves OpenAI Corporate Restructuring With Nonprofit Safety Oversight Intact
Summary
Delaware's Attorney General approves OpenAI's corporate restructuring after year-long negotiations, allowing the AI company to become a public benefit corporation while preserving nonprofit oversight that can halt dangerous AI releases and force directors to prioritize safety over profits.
Key Points
- Delaware Attorney General Kathy Jennings completes review and issues Statement of No Objection to OpenAI's corporate recapitalization transaction after over a year of negotiations
- OpenAI agrees to maintain nonprofit oversight of its new public benefit corporation structure, with the nonprofit retaining sole authority to appoint and remove PBC board directors
- Key safety commitments secured include requiring PBC directors to prioritize mission over profits on safety issues and maintaining nonprofit control over the Safety and Security Committee with power to halt AI model releases