🔓 The Three Locks: Original vs. Current Status
| Constraint | Original 2019 Agreement | 2025-2026 Revisions |
|---|---|---|
| 1. Profit Cap | Investor returns capped at 100x their Investment. Excess profits would revert to the non-profit entity. | Removed (May 2025). Upon converting to a public benefit corporation (PBC), the cap was replaced with Standard stock and unlimited returns. This change was a prerequisite for the $660M funding round. |
| 2. AGI Trigger | Microsoft's commercial license would automatically terminate once the openai Board declared AGI had been achieved. | Rewritten (Oct 2025). AGI verification shifted to an independent expert panel. Microsoft's IP license is now fixed until 2032, explicitly covering post-AGI models, allowing Microsoft to pursue AGI independently. |
| 3. Exclusivity | Microsoft held exclusive IP licensing rights. Revenue Sharing continued only until AGI was declared. | Removed (April 2026). Exclusivity was cancelled. Revenue sharing is now fixed until 2030, decoupled from "OpenAI's technical progress," meaning AGI achievement no longer triggers commercial changes. |
⚖️ The Timeline of Changes
May 2025 (The Profit Cap): OpenAI transitioned to a PBC structure. Sam Altman justified removing the profit cap in an employee letter, stating that while the "capped-profit" model made sense when OpenAI was the only player, it was "no longer applicable" in a competitive environment with multiple AGI contenders.
October 2025 (The AGI Trigger): The agreement was amended to ensure business continuity. Instead of terminating Microsoft's rights upon AGI achievement, the new protocol extends their license, fundamentally changing the "safety valve" that was meant to prevent a commercial race to the finish line.
April 27, 2026 (The Exclusivity): On the very day jury selection began for the Musk trial, OpenAI announced the final revision. This removed Microsoft's exclusivity and decoupled revenue sharing from technical milestones.
⚔️ The Core Legal Argument
Musk's Argument: The changes represent a deliberate,蓄意 (intentional) dismantling of the promises made to donors and the public. By removing the profit caps and AGI triggers, OpenAI has effectively abandoned its charter to prioritize humanity's safety over profit.
OpenAI's Defense: The organization argues that these adjustments were necessary evolutions to survive in a hyper-competitive AI landscape. They contend that rigid adherence to the 2019 rules would have starved them of capital and hindered their ability to compete with other global AGI efforts.
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