OpenAI Announces For-Profit Business Model – Will Create A Public Benefit Corporation

With 2024 coming to a close, OpenAI, the AI lab responsible for kicking off the current surge in interest around AI, has shared its plans to become a for-profit entity. In a fresh blog post, OpenAI revealed that it plans to split into a public benefit corporation (PBC) and a non-profit entity to simultaneously allow investors to generate returns and "pursue charitable initiatives." Throughout 2024, OpenAI has sought to generate capital to invest in expensive AI infrastructure, and multiple reports have claimed that the firm's existing legal structure has limited investors' ability to invest in it. OpenAI To Transform Existing […]

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