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 ...

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 ...

Dec 27 (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 ...

Transposing a Delaware Public Benefit Corporation will allow Microsoft (MSFT, Financials) supported OpenAI to reorganize its for-profit business. The action seeks to guarantee significant ...

Who benefits, who loses, and under what circumstances?” Broadly, there are two approaches to this issue. The American model grants platforms full discretion over data collection and usage.

In a blog post on Friday, the company’s board revealed it is evaluating a proposal to convert its business operations into a Delaware Public Benefit Corporation (PBC). This structure would allow ...

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 ...

For decades, federal policies have limited Social Security payments for many public service workers who also receive pensions. If the bill becomes law, it will expand Social Security benefits for ...

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 ...