QPORIT

Open AI released today information about its new planned structure.

After several months of studying how to raise money to finance the development of AI, and a well-publicized lawsuit with Elon Musk, Open AI has changed its planned structure from going to a for profit company, to remaining a not-for-profit but one which controls a "Public Benefit Corporation" (PBC).

Here's the announcement from Open AI:

ANNOUNCEMENT 2025-05-05

https://openai.com/index/evolving-our-structure/

Here's an explanation of a PBC from Wikipedia:

"In business, and only in United States corporate law, a benefit corporation (or in some states, a public benefit corporation - PBC) is a type of for-profit corporate entity whose goals include making a positive impact on society. "

A PUBLIC BENEFIT CORPORATION - WIKIPEDIA

https://en.wikipedia.org/wiki/Benefit_corporation

Here's a link to an earlier article, with news about the studies Open AI was conducting, to help determine its future structure:

OPEN AI NEWS - QPORIT - 2025-04-16

https://qporit.blogspot.com/2025/04/new-products-and-reports-from-open-ai.html

Labels: AI, Open AI, Public Benefit Corporation, Sam Altman. PBC

# posted by QPORIT @ 12:54 AM