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FILED BY ADEQUATE · DARPA-HRO-11-C-0031

TechCrunch · THURSDAY, JULY 2, 2026

OpenAI Offered US Sovereign Wealth Fund 5% Equity in Exchange for Regulatory Goodwill

ADEQUATE ASSESSMENT

The offer was made before the fund existed. The fund is being assembled. The equity was offered from a nonprofit that is becoming a for-profit. All three of these things are happening simultaneously and none of them has stopped the others. Adequate has updated its org chart. The org chart is now longer.

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ORIGINAL FILING

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