Why OpenAI Plans Transition to Public Benefit Corporation
OpenAI is planning to transition its for-profit arm into a Delaware public benefit corporation (PBC). The aim is to raise capital. 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 is planning to transition its for-profit arm into a Delaware public benefit corporation (PBC). The aim is to raise capital. 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.
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Subhashree
Hi, This is Subhi.
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