OpenAI plans transition to public benefit corporation to attract investors

OpenAI plans to transition to a public benefit corporation (PBC) to attract more investors while continuing its charitable mission. PBCs are for-profit entities that must also pursue public benefits, such as social and environmental goals. Currently, OpenAI operates as a for-profit controlled by a non-profit, with limited profit sharing for investors. The new structure will allow the non-profit to own shares in the for-profit, similar to outside investors. This change aims to enhance investor appeal while ensuring that the for-profit entity continues to support the non-profit's charitable activities.