4OpenAI Blog·
David Vélez and Robin Vince join OpenAI Foundation and OpenAI Group PBC boards
David Vélez (founder/CEO of Nubank) and Robin Vince (CEO of BNY) are joining the boards of both the OpenAI Foundation and OpenAI Group PBC. The appointments bring financial sector and global governance expertise to OpenAI's dual-entity board structure. This is a governance development relevant to OpenAI's ongoing corporate restructuring and its transition to a public benefit corporation.
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Zico Kolter Joins OpenAI's Board of Directors
OpenAI has appointed Zico Kolter, an AI safety and alignment researcher, to its Board of Directors. Kolter will also serve on the Safety & Security Committee. The move is framed as strengthening OpenAI's governance with technical safety expertise, following the board restructuring that occurred after the November 2023 leadership crisis.
Statement on OpenAI's Nonprofit and PBC
OpenAI has announced a restructured governance arrangement in which its nonprofit retains leadership while gaining equity in the newly formed Public Benefit Corporation (PBC). The structure is intended to unlock over $100 billion in resources directed toward safe and beneficial AI development. This formalizes the long-discussed transition away from the capped-profit model while preserving nonprofit oversight.
Sam Altman Returns as CEO, OpenAI Forms New Initial Board
Sam Altman has been reinstated as CEO of OpenAI following his brief ouster, with Mira Murati continuing as CTO and Greg Brockman returning as President. A new initial board has been formed, chaired by Bret Taylor. The announcement includes messages from Altman and Taylor outlining the leadership structure going forward. This resolves the governance crisis that began with Altman's sudden firing by the previous board in November 2023.
OpenAI Establishes Commission to Guide Nonprofit Restructuring
OpenAI announced the formation of a new commission to provide guidance as it pursues its goal of becoming the best-equipped nonprofit in history. The announcement emphasizes combining large financial resources with AI technology to scale human ingenuity. This is part of OpenAI's ongoing corporate restructuring process, which has been a subject of significant scrutiny regarding governance and mission alignment.
OpenAI Board Review Completed: Altman and Brockman Confirmed as Leaders, New Governance Structure Announced
OpenAI has completed its internal review following the November 2023 board crisis and confirmed that Sam Altman and Greg Brockman will continue to lead the organization. New board members have been named and enhancements to the governance structure have been introduced. This marks a formal resolution to the leadership turmoil that briefly saw Altman removed and reinstated.
OpenAI Recapitalization Announced with Mission-Focused Governance Framing
OpenAI has announced a recapitalization intended to strengthen its mission-focused governance structure. The move is framed as expanding resources to ensure AI development benefits everyone while advancing innovation responsibly. This represents a structural corporate change at one of the most influential AI labs, with implications for how OpenAI balances commercial and nonprofit objectives.
OpenAI announces leadership transition
OpenAI published an announcement regarding a leadership transition at the company. The body of the post is not available, but given the date of November 17, 2023, this corresponds to the sudden removal of Sam Altman as CEO by the OpenAI board. This was one of the most significant corporate governance events in AI industry history, triggering a multi-day crisis that ended with Altman's reinstatement and a restructured board.
BBVA and OpenAI Expand Multi-Year AI Transformation Partnership
BBVA is expanding its collaboration with OpenAI through a multi-year AI transformation program, deploying ChatGPT Enterprise to all 120,000 employees globally. The partnership aims to develop AI solutions for customer interactions, operational efficiency, and building an AI-native banking experience. This represents one of the larger enterprise-scale ChatGPT Enterprise rollouts announced to date.