Announcing restructuring plans, OpenAI said on Friday it would establish a public benefit company to make it simpler to raise ...

Cathie Wood is the founder of Ark Investment Management, which operates several tech-focused exchange-traded funds. Wood ...

OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding a related charity ...

One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a ...

OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it ...

The launch of the for-profit arm paved the way to the two multibillion-dollar funding rounds that OpenAI has closed since the ...

OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization ...

OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta ...

OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will ...

OpenAI plans to restructure into a for-profit company in 2025, highlighting the need for significant capital. This move has ...

OpenAI is officially done pretending it can run like a charity. On Friday, the company announced it has finalized plans to ...