OpenAI is set to transform its for-profit arm into a Delaware-based public benefit corporation (PBC) in 2025. This shift aims to balance shareholder interests with public benefits, focusing on ensuring artificial general intelligence (AGI) benefits humanity. The nonprofit will retain some shares in the PBC, though the exact number remains undisclosed. Independent financial advisors will help determine a fair valuation for this transition. The new structure promises to multiply donations, making the nonprofit one of the best-resourced in history. This change comes as the costs of AI innovation continue to rise, with OpenAI’s latest funding round valuing the company at $157 billion. The PBC will control operations, while the nonprofit will focus on charitable initiatives in sectors like health care, education, and science.
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