Announcing restructuring plans, OpenAI said on Friday it would establish a public benefit company to make it simpler to raise ...

The year 2024 saw major AI innovations, including OpenAI’s Sora Turbo for video creation, Google’s upgraded Veo 2 and Imagen 3, and Microsoft’s autonomous agents in Copilot. xAI’s Grok-2 models ...

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

Wood has invested in AI start-ups like xAI, OpenAI, and Anthropic through the Ark Venture Fund since making that prediction ...

The restructuring isn’t without opposition. Last month, Elon Musk filed a motion to block OpenAI’s shift to for-profit status ...

While both PBCs and traditional corporations are for-profit entities, PBCs are legally required to pursue one or more public benefits, including social and environmental goals.

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

Encode, the nonprofit organization that co-sponsored California's ill-fated SB 1047 AI safety legislation, has requested permission to file an amicus brief in support of Elon Musk's injunction to halt ...

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

A OpenAI unveiled plans to overhaul its corporate structure next year, saying it will create a public benefit corporation.

OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it ...