A Public Benefit Corporation (PBC) is a hybrid corporate structure that balances profit ... Since its initial $1 billion ...

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

With over $10 billion investment, Microsoft is perhaps the largest investor in ... It is in the face of this challenge that a ...

Encode, a nonprofit AI safety org, has requested permission to file an amicus brief in support of Elon Musk's injunction to ...

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

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

We have altered the deal, pray we don’t alter it any further Amid growing competition and skyrocketing compute requirements ...

Under the proposed structure, the public benefit corporation (PBC) will run and control OpenAI's operations and business, ...

A smattering of CEOs and top tech company leaders are currying favor with President-elect Trump, who has acknowledged with ...

OpenAI plans to restructure into a for-profit company in 2025, highlighting the need for significant capital. This move has ...

The California-based organization said it plans to change its existing for-profit entity into a Delaware Public Benefit Corporation, or B-Corp, which is a similar structure to sustainability-focused ...