OpenAI hasn't publicly said this, but it appears some of its employees believe a PBC structure could protect the company from a hostile takeover if it were to go public.

Elon Musk's legal dispute against OpenAI could affect the future of one of the most prominent leaders in artificial ...

OpenAI has laid out a key proposal for the White House's AI Action Plan to bolster national security and outcompete China on ...

OpenAI and Elon Musk have reached an agreement to fast-track court proceedings concerning the company's shift towards a for-profit business model, reported Reuters. According to a recent federal ...

OpenAI was founded as a nonprofit in 2015 but converted to a “capped-profit” structure in 2019, and now seeks to restructure once more into a public benefit corporation. Musk had sought a ...

The process is complicated by OpenAI's complex corporate structure, the billions of dollars it has already raised from investors, and Elon Musk's attempts to block the deal. It's not just Musk though.

OpenAI and Elon Musk have agreed to fast-track a trial over the AI company's shift to a for-profit model, following months of ...

(Reuters) - OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we’d imagined," and remove the ...

OpenAI has so far raised $10 billion from Microsoft at a valuation of almost $30 billion as it invests more on building computing capacity. "We have a very strange structure. We have this cap to ...

In November, lawyers for Musk filed a revised lawsuit against OpenAI for a preliminary injunction ... moving to adopt a more traditional corporate structure. Altman wants to extricate OpenAI's ...

Elon Musk lost the latest battle in his lawsuit against OpenAI this week, but a federal judge appears to have given Musk — and others who oppose OpenAI's for-profit conversion — reasons to be hopeful.