Neowin News Feed for: Pbc

OpenAI will not transition into a for-profit company

Pradeep Viswanathan — Mon, 05 May 2025 21:58:01 +0000

OpenAI is updating its restructuring plan, confirming the non-profit entity will maintain oversight and control. Read more...

OpenAI faces more opposition in its for-profit transition

David Uzondu — Sat, 28 Dec 2024 13:32:01 +0000

Encode has come out to oppose OpenAI's transition to a for-profit model, raising concerns over the company's shift in direction. Read more...

OpenAI will be transforming its for-profit into a Delaware Public Benefit Corporation

Pradeep Viswanathan — Fri, 27 Dec 2024 15:08:01 +0000

OpenAI is changing its corporate structure again to raise more funds and better support its mission. It plans to transform into a Public Benefit Corporation (PBC) while retaining its non-profit arm. Read more...