Why OpenAI plans transition to public benefit corporation
Khaleej Times|December 30, 2024
The ChatGPT creator's new structure aims to potentially make a more investor-friendly corporation
Why OpenAI plans transition to public benefit corporation

OpenAI has laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI race against companies such as Google.

OpenAI’s new structure aims to potentially make a more investorfriendly corporation, while maintaining a mission of funding a related charity.

Rivals including Anthropic have also adopted the PBC structure to balance societal interests along with shareholder value.

What is a public benefit corporation?

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.

Delaware amended its general corporation law to allow the formation of PBCs in 2013 and as of December 2023, there were 19 publicly traded PBCs, according to research by Jens Dammann of the University of Texas.

In its blog, OpenAI described the current structure as “a for-profit, controlled by the non-profit, with a capped profit share for investors and employees”.

この記事は Khaleej Times の December 30, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Khaleej Times の December 30, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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