Core Viewpoint - OpenAI has completed a significant restructuring of its capital structure, transitioning from a controversial "profit cap" model to a Public Benefit Corporation (PBC), which facilitates future financing and IPO opportunities [1][5]. Group 1: Company Identity Changes - OpenAI has rebranded its non-profit entity from OpenAI Inc. to OpenAI Foundation, while the profit-making entity has changed from OpenAI Global, LLC to OpenAI Group PBC, simplifying its ownership structure [1][5]. - The new structure allows for direct shareholding by the OpenAI Foundation, Microsoft, other investors, and employees, moving away from a complex multi-layered system [1]. Group 2: Profit Distribution Changes - The profit-sharing model has shifted from a "fixed bonus" system to an "unlimited dividend" system, where investors and employees can receive dividends based on their ownership percentage in OpenAI Group PBC, directly linking payouts to the company's profitability [4][5]. - OpenAI Foundation retains approximately 26% of the shares in OpenAI Group PBC but holds special voting and governance rights, allowing it to appoint all board members and maintain control over the company [4][5]. Group 3: Implications of the Restructuring - The restructuring clarifies the company's structure and interests, enhancing its potential for significant financing capabilities, which raises the competitive bar in the AGI race [5]. - Notably, OpenAI disclosed that its founder, Sam Altman, does not hold any equity in the restructured company, aligning his interests with OpenAI's mission of technology accessibility rather than personal wealth accumulation [2].