OpenAI announced OpenAI LP, a new "capped-profit" company. Returns for first-round investors are capped at 100x their investment, with any excess owned by the nonprofit OpenAI entity, enabling the fundraising needed for large-scale compute and talent. The LP is governed by the nonprofit's board of directors, with Sam Altman as CEO, Greg Brockman as chairman and CTO, and Ilya Sutskever as chief scientist.