OpenAI has detailed its plans for a new corporate structure that would separate its business from being controlled by its nonprofit board. In a blog post shared by the company on social media on ...

OpenAI wants to turn its existing for-profit arm into a Delaware Public Benefit Corporation while reducing the control its board exerts over operations. OpenAI thinks it has found a way to make ...

In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more ... $6.6 billion, the largest venture capital round ...

OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will replace the company’s existing structure with one that puts control ...

In a blog post, OpenAI shared plans to transition into a Public Benefit Corporation (PBC), a model that balances profitability with societal benefit. "As we enter 2025, we will have to become more ...

Its current for-profit arm has been governed by a nonprofit board. OpenAI said its existing for-profit arm would become a public benefit corporation with ordinary shares of stock. OpenAI has ...

OpenAI was founded as a non-profit in 2015 and has since switched to a “capped” for-profit enterprise allowing for a limited level of money making. But it has been seeking to become a for-profit ...

However, it’s the first time OpenAI has laid out its proposal in a public memo. “As we enter 2025, we will have to become more than a lab and a startup — we have to become an enduring ...