OpenAI announced plans to transition into a public benefit corporation in 2025, removing nonprofit restrictions to allow ...

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

OpenAI wants to turn its existing for-profit arm into a Delaware Public Benefit Corporation while reducing the control its ...

California Attorney General Rob Bonta filed a lawsuit in the Los Angeles County Superior Court to involuntarily dissolve ...

Despite such warnings, companies are racing to lead the AI arms race. OpenAI, for instance, which is also known as the ...

OpenAI announces its move to a for-profit model in 2025, aiming to stay competitive in the AI space while maintaining its ...

The company said that it would create a public benefit corporation so that it would make it easier to raise more capital.

The move is not unexpected. Reports that OpenAI plans to spin off its for-profit arm have been swirling since August. The ...

In a blog post announcing the move, OpenAI said it plans to turn its existing for-profit segment into a Delaware Public ...

By 2025, the organization plans to transition its for-profit arm into a Public Benefit Corporation (PBC), a move designed to ...

Western Regional Off-Track Betting Corp has filed a counterclaim against a former executive turned whistleblower who ...

OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding a related charity ...