OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock." ...

The ousting and return of OpenAI CEO Sam Altman in 2023 thrust the company's nonprofit board governance structure into the spotlight.Jason Redmond/AFP/Getty Images OpenAI shared new details about ...

Whether any board members were to benefit financially from any change in OpenAI's structure could also be of interest to nonprofit regulators. In response to questions about if Altman might be ...

OpenAI has detailed its plans for a new corporate structure that would separate its business from being controlled by its nonprofit board. In a blog post shared by the company on social media on ...

“He has such a strong interest in the new structure that it seems very hard to believe that he could be acting solely in his fiduciary duty as a member of the board of the nonprofit.” If the ...

The board is evaluating a plan that would turn OpenAI's business into a public benefit corporation - an entity free to pursue ...

OpenAI has announced its intention to shift into a for-profit entity, marking a significant milestone in its evolution.

OpenAI plans to create a for-profit corporation alongside its nonprofit arm to advance artificial general intelligence while ...