OpenAI founded
OpenAI launches as a non-profit AI research company, unconstrained by a need to generate financial return.
2015
2019
OpenAI LP
OpenAI creates a "capped-profit" company to raise capital for compute and talent while serving its mission.
2023
Long-Term Benefit Trust
An independent five-member Trust with authority to elect and remove Anthropic board members.
OpenAI leadership transition
OpenAI announces a leadership transition at the company.
Altman returns as CEO, new initial board
Sam Altman returns as CEO with a new initial board; Mira Murati is CTO and Greg Brockman returns as President.
2024
Board review completed, Altman stays
Review completes; Altman and Brockman continue to lead, with new board members and governance changes.
Sutskever leaves, Pachocki chief scientist
Ilya Sutskever leaves OpenAI; Jakub Pachocki becomes Chief Scientist.
Safety and Security Committee
The OpenAI board forms a Safety and Security Committee.
Plan to evolve corporate structure
OpenAI proposes a stronger non-profit supported by the for-profit’s success.
2025
For-profit becomes a PBC
OpenAI plans to turn its for-profit LLC into a PBC, with the nonprofit keeping control.
Nonprofit given equity in the PBC
Planned structure gives the OpenAI nonprofit control of the PBC and an equity stake worth over $100B.
OpenAI recapitalization
Recapitalization completed; the nonprofit, now the OpenAI Foundation, holds equity worth about $130B.
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