Ge Long Hui A P P·2025-10-28 13:44Core Insights - OpenAI has completed a capital restructuring, establishing a structure where a non-profit entity holds a for-profit business [1] - The non-profit entity is now named OpenAI Foundation, which holds approximately $130 billion in equity of the for-profit division [1] - The for-profit division has been rebranded as OpenAI Group PBC, which is now classified as a public benefit corporation [1] Ownership Structure - Under the new structure, OpenAI Foundation owns 26% of the for-profit division, while current and former employees and investors collectively hold 47% [1] - Microsoft has invested over $13 billion in OpenAI since 2019 and supports the restructuring [1] - The current valuation of Microsoft's investment in OpenAI Group PBC is approximately $135 billion, equating to 27% of the diluted shares [1] Purpose and Future Implications - OpenAI stated that as the company becomes more successful, the value of the non-profit's equity will increase, which will be used to fund its charitable initiatives [1]