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118 OpenAI's for-profit plan includes a public benefit corporation

Engadget
Igor Bonifacic @ Engadget 3 place · 12/27/2024 11:36 EDT

OpenAI's for-profit plan includes a public benefit corporation

Following months of speculation, OpenAI has finally shared how it plans to become a for-profit company. In a blog post penned by its board of directors, OpenAI said Thursday it plans to transform its for-profit arm into a Public Benefit Corporation sometime in 2025. PBCs or B Corps are for-profit organizations that attempt to balance the interests of their stakeholders while making a positive impact on society.
“As we enter 2025, we will have to become more than a lab and a startup — we have to become an en

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