OpenAI Revamped: Foundation Established, Capital Restructured

OpenAI has undergone a significant restructuring, transitioning from a nonprofit organization into the ‘OpenAI Foundation,’ as reported by PANews. This change involves the foundation acquiring shares in OpenAI Group PBC, which currently holds an estimated value of $130 billion. This substantial valuation places the foundation among the most financially robust charitable organizations ever established. The foundation has announced plans to allocate initial funding of $25 billion towards healthcare and AI resilience, continuing its mission to ensure that artificial general intelligence (AGI) benefits humanity as a whole.