OpenAI is giving its nonprofit $100 billion. Critics aren't convinced. (www.businessinsider.com)

OpenAI announced it will transfer roughly $100 billion in stock — about 20% of a $500 billion valuation — to its nonprofit as part of a corporate restructuring intended to unlock billions more from investors. OpenAI says the nonprofit will remain focused on ensuring AGI benefits all and that its board (eight independent directors plus CEO Sam Altman and others) will control the for‑profit entity. The move follows OpenAI’s May decision to abandon a capped‑profit model and comes with urgency: some pending funding is conditioned on near‑term structural changes. Civil‑society groups, led by a coalition called EyesOnOpenAI and others like The Midas Project, say the gift and governance setup don’t create a truly independent steward. They point to last year’s board turmoil, the presence of corporate figures, and the absence of new guardrails; some want most charitable assets moved to a genuinely independent nonprofit. Regulators in Delaware and California are probing the deal (Delaware’s AG has subpoena power), and OpenAI has even subpoenaed critics — heightening tensions. The outcome matters beyond one company: it will shape how powerful AI developers balance investor returns, governance, and public‑interest obligations as the race toward AGI accelerates.