OpenAI Foundation — key-event: Profit cap removed as part of PBC restructuring
The claim has two components: (1) that a profit cap was removed, and (2) that this occurred as part of PBC restructuring in October 2025. The source confirms the PBC restructuring occurred in October 2025 and that the structure changed from the old model. However, the source does not explicitly state that a '100x profit cap' existed under the old structure or that it was removed. The source mentions 'all shareholders hold regular equity' implicitly through the recapitalization description, but does not directly address the profit cap mechanism. The additional context about the old 100x cap and new regular equity structure is not mentioned in the provided source text, making the specific claim about profit cap removal unverifiable from this source alone.
Our claim
entire record- Subject
- OpenAI Foundation
- Value
- Profit cap removed as part of PBC restructuring
- As Of
- October 2025
- Notes
- Under old structure, investors had a 100x profit cap with excess flowing to the nonprofit. Under PBC structure, all shareholders hold regular equity.
Source evidence
1 src · 1 checkNoteThe claim has two components: (1) that a profit cap was removed, and (2) that this occurred as part of PBC restructuring in October 2025. The source confirms the PBC restructuring occurred in October 2025 and that the structure changed from the old model. However, the source does not explicitly state that a '100x profit cap' existed under the old structure or that it was removed. The source mentions 'all shareholders hold regular equity' implicitly through the recapitalization description, but does not directly address the profit cap mechanism. The additional context about the old 100x cap and new regular equity structure is not mentioned in the provided source text, making the specific claim about profit cap removal unverifiable from this source alone.