**Delaware AG Reviews OpenAI’s Restructuring Plan**

Delaware’s Attorney General is seeking an independent evaluation of OpenAI’s restructuring plan, which involves its transition from a nonprofit to a for-profit entity. The review could impact the company’s ability to attract new investors and eventually go public.

### Regulatory Scrutiny Over OpenAI’s Restructure

OpenAI’s shift to a for-profit model is designed to facilitate new investments and a potential IPO. However, the company must first secure regulatory approval, including an independent assessment of the equity distribution between its nonprofit and for-profit arms. Delaware’s intervention could complicate the process, potentially delaying or altering OpenAI’s restructuring strategy.

### How Elon Musk’s Bid Influenced the Valuation

Corporate governance experts suggest that Elon Musk’s $97.4 billion takeover bid for OpenAI—though rejected—may have inadvertently raised the perceived valuation of the company. This could influence the financial terms of OpenAI’s restructuring, making the transition more costly.

### What’s Next for OpenAI?

As Delaware regulators scrutinize the deal, OpenAI’s leadership must navigate legal and financial hurdles to finalize its restructuring. The outcome could set a precedent for other AI firms considering similar transitions.

The review underscores the complexities of balancing innovation with regulatory compliance in the rapidly evolving AI sector.