Explainer: Why OpenAI plans transition to public benefit corporation
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 such as Google.
OpenAI Announces Plan to Become Public Benefit Corporation
OpenAI has confirmed its plans to restructure as a for-profit entity, officially announcing a transition that has been the subject of speculation for months. The company says it will transform its commercial arm into a Public Benefit Corporation (PBC) by 2025,
OpenAI reveals plan to convert to public benefit corporation
OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta are already fighting the move.
OpenAI outlines plans to be for-profit
ChatGPT-maker OpenAI laid out plans on Friday for a new corporate structure shifting away from control by a nonprofit an issue of contention for the artificial intelligence trailblazer. OpenAI was founded as a nonprofit in 2015 and has since switched to a "capped" for-profit enterprise allowing for a limited level of money making.
'Need to raise more capital than we'd imagined': OpenAI announces plans to transition from non-profit structure
The hundreds⁠ of⁠ billions⁠ of⁠ dollars that major companies are now investing into AI development show what it will really take for OpenAI to continue pursuing the mis
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