2025年10月29日，OpenAI正式完成公司重組，宣布非營利基金會（OpenAI Foundation）持有營利公司OpenAI Group PBC 26%的股權並掌握控制權，為未來可能的上市鋪路。同日，OpenAI集團估值達到5000億美元，創下人工智能領域的里程碑。CEO 山姆·奧特曼（Sam Altman）在直播中回應23個用戶關注的核心問題，首次公開明確提及IPO的可能性，吸引全球媒體和投資者的高度關注。

從重組與股權架構來看，此次安排明確OpenAI的治理結構。非營利基金會以少數股權掌握控制權，保障公司使命與技術方向的長期穩定。微軟成為第一大股東，持股比例為27%，而員工及早期投資者則持有26%的股份。此舉不僅鞏固了現有股東的利益，也為公司未來籌集資金、支持算力投入及科研項目提供明確路徑。據財務預測，到2029年，公司現金消耗可能超過1150億美元，反映出OpenAI在AI算力和研究領域的巨大投入需求。

在技術發展與規劃方面，OpenAI預計未來六個月將迎來模型能力的重大飛躍，並計劃在2028年3月前實現“全自動AI研究員”，可在科研和創新領域自主完成複雜任務。此外，公司計劃推出“成人模式”，放寬創意寫作等場景的限制，並加強年齡驗證功能，以區分成年用戶與未成年人的使用權限，確保技術安全與合規。

針對用戶關切與反饋，奧特曼在直播中給出詳細回應。他承認部分新模型在特定場景下可能出現體驗倒退，但強調整體優化方向是以多數用戶需求為導向。對於開源與商業化問題，目前沒有計劃開源GPT-4，但未來可能推出效率更高的小型開源模型。針對情感功能，公司表示支持用戶與AI建立情感連接，但要求模型保持透明，避免助長用戶幻想。

在合作與安全方面，OpenAI正與谷歌、Anthropic等同行在AI安全規範上展開合作，強調AI韌性的重要性，例如防範生物安全風險。安全策略重點包括“思維鏈忠實度”等研究方向，以確保模型推理過程可控、可解釋，降低潛在風險。

從未來願景來看，OpenAI的戰略目標正在從“產品型公司”轉向“平台化公司”，計劃開放技術框架，允許第三方開發者基於OpenAI技術構建應用，形成更廣泛的生態系統。長期而言，公司將聚焦AI在科學研究中的應用，預計從2026年起，模型將逐步在科研領域實現突破，最終推動科學進程加速，形成人工智能與人類創新能力協同發展的新格局。

此次重組及戰略發布，不僅標誌著OpenAI進入新的治理與商業階段，也凸顯人工智能技術在未來全球科技與科研領域的重要地位。

On October 29, 2025, OpenAI officially announced the completion of its corporate restructuring, revealing that the nonprofit OpenAI Foundation now holds 26% of OpenAI Group PBC and retains controlling authority, paving the way for a potential future IPO. On the same day, the company’s valuation reached an astounding $500 billion, marking a major milestone in the AI industry. CEO Sam Altman addressed 23 core questions from users during a live broadcast, publicly confirming—for the first time—the possibility of an IPO, drawing global media and investor attention.

From the perspective of restructuring and shareholding, the new arrangement clearly defines OpenAI’s governance. The nonprofit foundation holds a minority stake but controls company decisions, ensuring long-term alignment with OpenAI’s mission and technological vision. Microsoft emerged as the largest shareholder with 27% ownership, while employees and early investors collectively hold 26%. This structure not only consolidates existing shareholder interests but also establishes a clear path for future fundraising to support computational resources and research initiatives. Financial projections suggest that by 2029, OpenAI’s cash burn could exceed $115 billion, reflecting the company’s heavy investment in AI compute and research.

Regarding technological development and planning, OpenAI anticipates a significant leap in model capabilities within the next six months, with plans to achieve a “fully autonomous AI researcher” by March 2028, capable of independently performing complex scientific and innovation tasks. The company also plans to introduce an “adult mode”, relaxing restrictions on creative writing and other use cases while implementing enhanced age verification to differentiate between adult and minor users, ensuring safety and compliance.

Addressing user concerns, Altman acknowledged that some new models may regress in specific scenarios but emphasized that overall optimization is guided by majority user benefit. On open-source and commercialization, there are currently no plans to open-source GPT-4, though smaller, more efficient open-source models may be released in the future. Regarding emotional interaction features, OpenAI supports users forming emotional connections with AI but stresses transparency, avoiding reinforcement of unrealistic expectations.

In terms of collaboration and safety, OpenAI is working with peers like Google and Anthropic on AI safety standards, emphasizing resilience against risks, including biosecurity threats. Safety strategies focus on areas such as “chain-of-thought fidelity”, ensuring the model’s reasoning processes remain controllable and interpretable, mitigating potential risks.

Looking at future vision, OpenAI is transitioning from a “product-centric company” to a platform-oriented organization, opening its technology framework for third-party developers to build applications, creating a broader ecosystem. Long-term, the company aims to leverage AI for scientific discovery, expecting incremental breakthroughs from 2026 onward, ultimately accelerating the pace of science and creating a synergistic relationship between AI and human innovation.

The restructuring and strategic announcements mark a new phase in OpenAI’s governance and commercialization, underscoring the growing significance of artificial intelligence in shaping the future of global technology and scientific research.