
This means changing the structure of it’s operational, for profit Limited Liability Company (LLC) to a Public Benefit Corporation (PBC) that will be controlled by it’s non-profit entity intended to «ensure that artificial general intelligence benefits all of humanity,» OpenAI writes in a blog post.
A Public Benefit Corporation is a profit-based company that legally commits to both profit and purpose — like «advancing AI for all» — and must consider that mission alongside shareholder value. It also has to publish a yearly «public benefit» report. It’s essentially a mission-specific corporate vehicle.
Continue reading “OpenAI scraps for-profit structure, but keeps door open for investments”













