OpenAI recently laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it ...

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'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.

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 ...

(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 ...

Rivals including Anthropic have also adopted the PBC structure to balance societal interests along with shareholder value. WHAT IS A PUBLIC BENEFIT CORPORATION? While both PBCs and traditional ...

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 ...

The board is currently reviewing a plan to transform OpenAI's business into a public benefit corporation - a structure that can generate income while aiming to improve society - while maintaining ...

OpenAI has outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to ...

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 ...