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OpenAI Plans Transition to Public Benefit Corporation
Explainer: Why OpenAI plans transition to public benefit corporation
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI race against companies such as Google.
OpenAI's for-profit plan includes a public benefit corporation
Following the reorganization, the for-profit division would be responsible for overseeing OpenAI’s “operations and business,” while the nonprofit arm would operate separately with its own leadership team and a focus on charitable efforts in health care, education and science.
OpenAI reveals new details about its plan to convert to a for-profit structure: 'We have to become an enduring company'
OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock."
7h
Where Will Ares Capital Corporation Be in 3 Years?
As a BDC, Ares Capital makes loans to middle-market companies, which generate between $10 million and $250 million in annual ...
1h
on MSN
Is Louisiana-Pacific Corporation (LPX) Among Warren Buffett’s New Stock Picks?
We recently published a list of Warren Buffett’s 10 New Stock Picks. In this article, we are going to take a look at where ...
22h
Vanguard reaches deal with US bank regulator over control of bank stakes
The U.S. Federal Deposit Insurance Corporation has reached a deal with Vanguard that will strengthen the rules under which ...
1d
RCD: A 9.00% Senior Note IPO From Ready Capital Corporation
Financial writer recommends avoiding Ready Capital Corporation's new senior notes (RCD) due to financial challenges and ...
7h
on MSN
Hess Corporation (HES): Billionaire D.E. Shaw Is Bullish On This Stock Right Now
We recently compiled a list of the 10 Best Stocks to Buy According to Billionaire D.E. Shaw. In this article, we are going to ...
1d
OpenAI Details Plans for Becoming a For-Profit Company
OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization ...
1h
on MSN
A school bus driver was charged with a felony OWI
The 38-year-old was a school bus driver for the LaPorte Community School Corporation and resigned after she was intercepted ...
Business Insider
1d
News Corporation Announces $1 Billion Stock Buy-Back
News
Corporation
Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update. Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top ...
1d
FedEx Corporation To Spin-Off FedEx Freight Business In 1H26
The Company intends to execute the planned separation through a capital markets transaction, creating two independent, ...
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