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The cleaner cap table. Why Anthropic’s public-benefit structure dodges OpenAI’s charitable-trust problem — and trades it for a governance question of its own.
Anthropic’s layered governance through a Long-Term Benefit Trust avoids the legal issues faced by OpenAI’s conversion, but raises new market questions.
The calendar technicality. Why Elon Musk’s lawsuit against Sam Altman and OpenAI lost on timing, not on substance.
Elon Musk’s legal challenge to OpenAI’s nonprofit-to-profit restructuring was dismissed on May 18, 2026, citing the statute of limitations. The case’s broader legal questions remain unresolved.