#public-benefit-corporation

#public-benefit-corporation

OpenAI is restructuring its for-profit arm into a public benefit corporation to better align with its mission of developing safe artificial general intelligence.

OpenAI struggles to raise funds due to its nonprofit status and plans to restructure as a Public Benefit Corporation.

OpenAI restructures as a public benefit corporation, allowing its controlling nonprofit to maintain ownership.

OpenAI plans to restructure its for-profit arm into a Public Benefit Corporation to satisfy investor requirements and maintain some oversight from its nonprofit parent.