December 27, 2024:
OpenAI Plans for Public Benefit Corporation Transition - OpenAI is transitioning into a Delaware Public Benefit Corporation (PBC) to balance shareholder, stakeholder, and public benefit interests while raising capital. The move aims to create a durable company structure and support charitable initiatives.
This plan faces opposition from co-founder Elon Musk and rival Meta, who are concerned about diverging from the original mission. OpenAI's current for-profit model has been controversial, especially following the ousting of CEO Sam Altman and ongoing tensions with investors like Microsoft.
