Restructuring paves way for ChatGPT maker to more easily raise capital and profit off its AI technologyOpenAI said Tuesday it had converted its main business into a for-profit corporation, the conclusion of a lengthy and fraught legal saga.A crucial regulator, Kathy Jennings, the Delaware attorney general, said she approved the plan for the startup, which began as a non-profit in 2015, to change to a public benefit corporation, a type of for-profit entity that expresses commitment to bettering society. Continue reading...
Thursday 30 October 2025
theguardian - 2 days ago
OpenAI completes conversion to for-profit business after lengthy legal saga
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