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 chatbot ...

This structure aims to generate profit while also benefiting the public interest. The nonprofit arm would take shares in the public benefit corporation, it added. OpenAI said it was planning to ...

OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will ...

The move could spark more legal battles. After months of entertaining the idea, OpenAI has officially announced its plans to convert its corporate structure to a public benefit corporation ...

Under the proposed plan, the ChatGPT maker's existing for-profit arm would become a Delaware-based public benefit corporation (PBC) - a structure designed to consider the interests of society in ...

OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit ... about its plans to adopt a new corporate structure that will remove the company from control ...

OpenAI wants to turn its existing for-profit arm into a Delaware Public Benefit Corporation while reducing ... said that under the current structure, the board’s main function is to control ...

OpenAI's new structure aims to potentially make a more investor-friendly corporation ... to choose benefit form over any other corporate form is the declaration to the public.

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 ...

OpenAI has outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we'd imagined," and remove the restrictions imposed ...

(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 ...