OpenAI PBC restructuring
Capped-profit to public-benefit corp conversion
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Full file coming soon. OpenAI PBC restructuring's links, deals and figures below are what the graph holds today.Not collected yet: 360, Money, Investors, Market share, People and hiring, Legal, News and events, Earnings calls. Anthropic is the first complete company file (people, investors, legal, hiring, birth to now); other companies follow one at a time. Open Anthropic's file
Overview
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L0 Labs · Institution · San Francisco, CA
OpenAI PBC restructuring
Capped-profit to public-benefit corp conversion
- Links
- 2
- Deals from filings
- 0
- Exposed if it fails
- 0
- 0 within 2 steps
- It depends on
- 1
- 1 within 2 steps
No company file yet: revenue, customers and other figures appear here once they are taken from its filings.
What it is
OpenAI's 2025 conversion toward a public-benefit corporation with the nonprofit retaining control (and a large equity stake) reset its ability to raise at a reported ~$500B valuation and clarified Microsoft's ~27-33% economic interest. The restructuring resolved governance overhangs from the 2023 board crisis. It is the single most consequential corporate-governance event in the sector.
Key facts
from its map entry- Valuation
- ~$500B (2025)
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Connections2 links
Pulled 28 Oct 2026 · AI Systems Map links
Its suppliers
1Partners
1Compare two: what OpenAI PBC restructuring shares with another entity
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Data sources1 source
| Source | Feeds | Data dated | Pulled | Pulled again | Status |
|---|---|---|---|---|---|
| AI Systems Map links2 links; built July 2026, deals re-checked against filings 27 to 28 Oct 2026 | Connections | · | 28 Oct 2026 | when the map is reviewed | hand-built; deals checked against filings |
Times are New York time. Free sources are pulled on the schedule shown by the pipeline runner (data/corpus/run_pipelines.py), which logs every run; paid sources run only with the owner's yes; filings and newsroom pages are re-read when a new document is filed.
Links come from the AI Systems Map ontology. Deals carry the filing's own wording and a quote, checked against the document; latest source 2026-10-26. Not investment advice.