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. By Cade Metz Cade Metz has ...

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 ...

In a blog post penned by its board of directors, OpenAI said Thursday it plans to transform its for-profit arm into a Public Benefit Corporation sometime in 2025.

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 ...

On Monday, the company announced that OpenAI LLC would transition to a Public Benefit Corporation (PBC), with OpenAI Inc maintaining control as its largest shareholder.

OpenAI has restructured its for-profit subsidiary into a Public Benefit Corporation (PBC) to balance financial sustainability with its mission to develop AGI for the benefit of humanity, ...

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 thinks it has found a way to make ...

A public benefit corporation is a for-profit company that is legally obligated to consider the public good in its decision-making, along with its profit-making goals.

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.

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 ...

While the ChatGPT owner still intends to form a public benefit corporation that’s meant to be more appealing to investors, the overall business would continue to be overseen by OpenAI’s ...

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.