According to PANews, OpenAI has announced the completion of its capital restructuring, resulting in the renaming of its nonprofit organization to the 'OpenAI Foundation.' This foundation now holds shares in its profit-driven entity, OpenAI Group PBC, which is currently valued at approximately $130 billion. This valuation positions the OpenAI Foundation as one of the most well-resourced charitable foundations in history. The foundation plans to allocate an initial $25 billion towards the fields of 'healthcare' and 'AI resilience,' continuing its mission to ensure that artificial general intelligence (AGI) benefits all of humanity.
