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OpenAI's managers are weighing on turning the AI giant into a public benefit Corp (PBC) in contrast to the nonprofit entity it is currently, after it dispays explosive growth as well as intense ...
A public benefit corporation is a for-profit entity that aims to produce social and environmental benefits in addition to profits.
The conversion would have changed OpenAI’s business to a public-benefit corporation, while preserving some form of the current nonprofit that controls the company.
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OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization would receive shares in the new company.
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI race against companies ...
OpenAI wants to turn its existing for-profit arm into a Delaware Public Benefit Corporation while reducing the control its board exerts over operations.
OpenAI shifts to a Public Benefit Corporation, prioritizing ethics over profit in the race for AGI. Discover how this move reshapes AI governance ...
OpenAI Wants to Create a Public Benefit Corporation. What Does That Mean? Altman at the AI Action Summit in Paris, France, on Feb. 11, 2025.Source: Bloomberg Gift this article Contact us: Provide ...
OpenAI, the massive artificial intelligence startup valued at about $157 billion, plans to set itself up as a public benefit corporation, or B-Corp., with a focus on social impact. The structure ...
The ChatGPT maker had earlier signaled plans to create a public benefit corporation that would have made it easier to raise cash.
OpenAI said it will advance its public benefit corporation plan in continued conversation with its investor Microsoft, civic leaders, offices of the attorneys general in California and Delaware ...