The public benefit corporation created by Elon Musk on September 15, 2017, as the proposed future structure of OpenAI.

You can’t sue your way to AGI. We have great respect for Elon’s accomplishments and gratitude for his early contributions to OpenAI, but he should be competing in the marketplace rather than the courtroom. It is critical for the U.S. to remain the global leader in AI. Our mission is to ensure AGI benefits all of humanity, and we have been and will remain a mission-driven organization. We hope Elon shares that goal, and will uphold the values of innovation and free market competition that have driven his own success.

On November 20, 2015, Elon said: “Also, the structure doesn't seem optimal…. Probably better to have a standard C corp with a parallel nonprofit.” We felt a nonprofit was the right path at the time, but later came to realize that our structure would have to evolve to attract the capital necessary for the mission.

I think this should be independent from (but supported by) YC, not what sounds like a subsidiary.

Also, the structure doesn’t seem optimal. In particular, the YC stock along with a salary from the nonprofit muddies the alignment of incentives. Probably better to have a standard C corp with a parallel nonprofit.