OpenAI Details Plans for Becoming a For-Profit Company
The Philippine Star|December 30, 2024
OpenAI revealed details last Friday about its plans to adopt a new corporate structure that will remove the company from control by a nonprofit that has been the focus of contention.
By CADE METZ

OpenAI's leaders have been privately discussing a change for several months but had provided few specifics.

In a company blog post published Friday, OpenAI said it planned to restructure as a public benefit corporation, or PBC, which is a for-profit corporation designed to create public and social good. OpenAI rivals like Anthropic and Elon Musk's xAI use a similar structure.

This story is from the December 30, 2024 edition of The Philippine Star.

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This story is from the December 30, 2024 edition of The Philippine Star.

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