Altman’s plan to attract private investment to OpenAI has stayed halfway. It’s a victory for Elon Musk

Openai has conquered a place at the forefront of artificial intelligence (AI) with products such as Chatgpt and GPT-4O. But there is a detail that escapes in many conversations: It is still a startup. It is several times smaller than Microsoft or Google and faces an existential challenge that does not have so much to do with its products, but with money.

That challenge has its own name: its peculiar organizational structure. The openai part that generates income, directed by Sam Altmanis controlled by a non -profit organization. This unconventional model has aroused doubts among investors. Altman proposed to restructure the company to attract more private capital and accelerate the path to a General Artificial Intelligence (AGI). The problem is that this plan has just received a blow.

A difficult governance to sell. The Board of Directors has decided to maintain control from the non -profit entity, after opening conversations with the general prosecutors of California and Delaware. These authorities monitor the legal status of organizations of this type and could have blocked change. The announcement has made it public Bret Taylor, president of the Board, In an official statement from OpenAI.

A victory for Musk. Elon Musk had sued Openai for that attempt at reorganization. He assured that the company had diverted from its initial purpose of developing a safe and oriented the good of humanity. The decision to preserve the original supervision partially reinforces its argument: the structure remains, at least for the moment.

New model, but with the same control. Despite the other way around, Openai maintains another important change. It is expected that its commercial organization will operate as a public benefit corporation (PBC). The difference is that, instead of separating itself from the non -profit organization, it will continue to have the last word.

Now they are negotiating how that supervision will be articulated, but everything indicates that it will be the non -profit organization that designates the members of the Board of the New PBC. This could hinder future financing rounds. Because in this OpenAi, which has not managed to transform completely, interest is not measured only into dividends, as investors would like.

Outstanding image | Sam Altman (X) + Photoshop | Ted Conference

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