OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race. It plans to become a public benefit ...

While both PBCs and traditional corporations are for-profit entities, PBCs are legally required to pursue one or more public benefits, including social and environmental goals.

One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a ...

Encode, the nonprofit org that co-sponsored California's ill-fated SB 1047 AI safety legislation, has requested permission to ...

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

The launch of the for-profit arm paved the way to the two multibillion-dollar funding rounds that OpenAI has closed since the ...

OpenAI said it will be restructured as a public benefit corporation, and the nonprofit that controls the organization would ...