US EditionAG Jennings completes review of OpenAI recapitalization - State of Delaware News
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After more than a year of philosophical, legal and political battle at the highest level, OpenAI has completed this Tuesday a total renovation of its corporate structure,...
DE Attorney General Kathy Jennings Completes Review of OpenAI Recapitalization
Attorney General Kathy Jennings announced today that her office has issued a Statement of No Objection to the proposed corporate recapitalization transaction of Open AI, Inc., a Delaware nonprofit corporation. Today’s announcement comes over a year after Attorney General Jennings began her review of OpenAI’s proposed transaction. OpenAI initially proposed a restructuring that would remove the current nonprofit entity from overseeing the for-pro…
OpenAI announces simplifying its organizational structure through recapitalization. It still needs to obtain a final validation by state prosecutors in Delaware and California. It's not necessarily obvious at first glance, but OpenAI may have just revealed its most important change.
AG Jennings completes review of OpenAI recapitalization - State of Delaware News
Delaware secures structural reform and action on safety from global AI leader Attorney General Kathy Jennings announced today that her office has issued a Statement of No Objection to the proposed corporate recapitalization transaction of Open AI, Inc., a Delaware nonprofit corporation. Today’s announcement comes over a year after Attorney General Jennings began her review […]
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