OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock." ...

OpenAI announced its “capped profit” structure in 2019. The OpenAI Nonprofit remained as before, and its board was responsible for the overall governance of all OpenAI activities. The new for-profit ...

OpenAI has proposed restructuring its for-profit wing as a PBC to attract investors while maintaining the non-profit; in line ...

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

OpenAI has announced its intention to shift into a for-profit entity, marking a significant milestone in its evolution.

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it ...

ChatGPT maker OpenAI said it needs to raise more capital than expected, and laid out plans for transitioning toward a ...

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

However, by 2019, it became clear that developing large-scale language models required substantial investments, prompting the ...

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

OpenAI’s time as a unique nonprofit tech company guiding one of the more transformative and well-known iterations of ...

Generative AI in Public Sector Market size is expected to reach USD 12 billion by 2033, projected at a CAGR of 21.6% during ...