Hosted on MSN23d
OpenAI Wants to Create a ‘Public Benefit Corporation.’ Here’s What That Means.
OpenAI announced plans to refresh its corporate structure, indicating that though the year may be drawing to a close, the artificial intelligence battle is not. The company—which developed AI ...
MarketWatch22d
OpenAI to seek capital as a public benefit corporation in the vein of Patagonia
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 ...
Yahoo Finance23d
Explainer-Why OpenAI plans transition to public benefit corporation
(Reuters) - 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 ...
Business Insider23d
OpenAI reveals new details about its plan to convert to a for-profit structure: 'We have to become an enduring company'
"Our plan is to transform our existing for-profit into a Delaware Public Benefit Corporation⁠ (PBC) with ordinary shares of stock and the OpenAI mission as its public benefit interest," OpenAI ...
Morningstar24d
OpenAI to seek capital as a public benefit corporation in the vein of Patagonia
Public benefit corporations, or B-Corps, are certified to be more focused on social impact and sustainability OpenAI, the massive artificial intelligence startup valued at about $157 billion ...
Yahoo23d
OpenAI Wants to Create a ‘Public Benefit Corporation.’ Here’s What That Means.
The company—which developed AI chatbot ChatGPT—says it wants to transform its current for-profit arm into a public-benefit corporation, or PBC. “The PBC is a structure used by many others that ...