OpenAI Considers Transition To Public Benefit Corporation

According to Odaily, OpenAI is reportedly planning to transition its existing for-profit entity into a Delaware Public Benefit Corporation (PBC). The board is currently evaluating the company's structure to decide between a nonprofit or for-profit model. The PBC would oversee and manage OpenAI's business operations, allowing it to raise necessary funds under standard terms similar to other companies in the sector. Meanwhile, a nonprofit organization would hire leadership and staff to conduct charitable activities.