OpenAI to Become Public Benefit Corporation with For-Profit Structure

Artificial intelligence company OpenAI has announced plans to transform into a for-profit organization, with the nonprofit entity that controls it set to receive shares in the new company. The decision marks a significant shift in the AI giant’s structure and governance model.

Source: https://www.nytimes.com/2024/12/27/technology/openai-public-benefit-corporation.html