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 company—which developed AI chatbot ChatGPT—says it wants to transform its current for-profit arm into a public-benefit corporation, or PBC.

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 wants to turn its existing for-profit arm into a Delaware Public Benefit Corporation while reducing the control its board exerts over operations.

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 ...

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 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 shifts to a Public Benefit Corporation, prioritizing ethics over profit in the race for AGI. Discover how this move reshapes AI governance ...

The ChatGPT maker had earlier signaled plans to create a public benefit corporation that would have made it easier to raise cash.

OpenAI will become a Public Benefit Corporation - here's what that means As it pledges 'democratic' AI to benefit everyone, can OpenAI deliver on AI for all while dialing back model regulation?

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 ...