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

As Fortune reported in September, Altman told his staff at the time that OpenAI would next year become a more traditional for ...

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

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

OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race. It plans to become a public benefit ...

OpenAI has proposed a new for-profit structure by saying it would create a public benefit corporation to raise funds more ...

OpenAI, the creator of ChatGPT, announced a significant restructuring plan to transition its for-profit arm into a Public ...

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

Now, that unusualness is getting in the way of raising more money from ... first time. The new entity will likely be a public benefit corporation registered in Delaware, OpenAI said.

OpenAI was founded as a non-profit in 2015 and has since switched to a "capped" for-profit enterprise allowing for a limited ...

"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the ...

Under OpenAI’s current nonprofit structure, there is a cap on the returns that its backers can realize. Additionally, ...