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Inside the Battle Over OpenAI’s Corporate Restructuring
A group of activists is turning to an old playbook to influence the future of one of the world’s most powerful AI companies.
After the restructuring, those investors could see their returns materialize as soon as 2027, when OpenAI hopes to hold an initial public offering of the public-benefit corporation, according to a person briefed on internal discussions at the company who asked to remain anonymous to protect industry relationships. They commissioned a legal memo that reiterated the power of the attorney general over the irrevocable status of charitable funds and called up their contacts to form a coalition of what is now over 50 community organizations working together to try to influence the future of one of the hottest tech companies in the world. At the San Francisco Foundation’s offices, Blackwell, Aguilar, and another coalition leader sat down with two of OpenAI’s global affairs staffers, including Debbie Mesloh, a former senior adviser to then-California attorney general Kamala Harris.
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