OpenAI Plans Shift to Public Benefit Corporation

• OpenAI is considering restructuring into a public benefit corporation, aiming to balance profit with societal benefits.
• The new structure would allow the non-profit arm to retain shares in the for-profit entity, enhancing its ability to fund charitable initiatives.
• This plan seeks to attract investors while maintaining OpenAI's mission, despite legal challenges from co-founder Elon Musk.

Source: Moneycontrol