OpenAI made the decision for the nonprofit to stay in control after hearing from civic leaders and having discussions with ...

OpenAI first set up a for-profit limited liability company (LLC) in 2019 to attract outside investment. The new PBC will aim ...

There are ways to get involved and passionately advocate for your mission without embracing the rancor and extreme ...

Public media can’t replace everything that’s been lost during journalism’s economic crisis. But it has plugged some major ...

On Monday, Altman said that the nonprofit board will become a “big shareholder” in the public benefit corporation “in an amount supported by independent financial advisors, giving the ...

OpenAI plans to remain under nonprofit control as it restructures its for-profit business into a Public Benefit Corporation, the company announced Monday.

In December, OpenAI said it was evaluating a plan to turn its business into a public benefit corporation while retaining a nonprofit arm that would own shares in the for-profit entity but no ...

OpenAI on Monday (May 5, 2025) said it is restructuring as a public benefit corporation (PBC), reaffirming its founding mission by allowing the nonprofit organisation that oversees it to retain ...

OpenAI backtracks on its plans to turn into a for-profit organisation. Elon Musk, however, says he will still go ahead with ...

As part of what Taylor described as a “recapitalization,” the nonprofit’s existing for-profit arm will convert into a public benefit corporation “that has to consider the interests of both ...