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OpenAI Plans Transition to Public Benefit Corporation

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.

MarketWatch on MSN · 1d

OpenAI to seek capital as a public benefit corporation in the vein of Patagonia

Market watchers have said an initial public offering from OpenAI seems unlikely in 2025 given that it’s been able to raise billions of dollars in backing in private markets, inc

The Business Journals · 1d

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.

Hosted on MSN5h

OpenAI outlines its plans to become a for-profit company

ChatGPT-maker OpenAI laid out plans for a new corporate structure shifting away from control by a non-profit – an issue of ...

1d

OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race

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

1d

OpenAI defends for-profit shift as critical to sustain humanitarian mission

"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the ...

Bloomberg L.P.1d

OpenAI Mulls Plan for a More Conventional For-Profit Business

The board is evaluating a plan that would turn OpenAI’s business into a public benefit corporation — an entity free to ...

1don MSN

OpenAI embraces for-profit model to chase AI dreams

OpenAI, the pioneering force behind artificial intelligence breakthroughs, has unveiled a plan to overhaul its corporate ...

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