OpenAI has completed its long, drawn-out reorganization into a public benefit corporation, the company announced today in a class=”link ” href=”https://openai.com/index/built-to-benefit-everyone/” data-i13n=”slk:blog post;cpos:1;pos:1″ rel=”nofollow noopener” target=”_blank” data-ylk=”slk:blog post;slk:blog post;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas”>blog post attributed to board of directors chair Bret Taylor. As part of the reorg, OpenAI’s nonprofit, now called the OpenAI Foundation, will retain control of OpenAI’s for-profit division and hold an equity stake in the company valued at approximately $130 billion. According to Taylor, the Foundation will gain additional control over the for-profit once it reaches an unspecified…
