OpenAI announces transition to Public Benefit Corporation to enhance funding and operations

OpenAI plans to become a Public Benefit Corporation (PBC), allowing it to focus on generating profits while also benefiting society. This change will enhance its ability to raise funds compared to its previous structure. The company will maintain both for-profit and nonprofit arms. The for-profit side will manage daily operations, while the nonprofit will focus on charitable initiatives in areas like health care and education. It remains unclear how this new structure will affect OpenAI's products or user experience. The change follows a recent service outage for ChatGPT, highlighting potential needs for additional resources.