Exhibit 1, OpenAI
The most significant example of innovative corporate structuring is OpenAI, the pioneer behind generative AI technologies like ChatGPT.
The most significant example of innovative corporate structuring is OpenAI, the pioneer behind generative AI technologies like ChatGPT. Launched in November 2022, OpenAI was initially established as a nonprofit to balance the power of tech giants like Google, with Elon Musk, Sam Altman, and others leading the initiative. As the company grew and required more funding, it introduced a rare capped-profit entity subsidiary, offering investors up to 100x returns while funneling excess profits back into the nonprofit, creating a unique and influential organization in the tech industry.
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