OpenAI's for-profit plan includes a public benefit corporation

Following months of speculation, OpenAI has finally shared how it plans to become a for-profit company. In a blog post penned by its board of directors, OpenAI said Thursday it plans to transform its for-profit arm into a Public Benefit Corporation sometime in 2025. PBCs or B Corps are for-profit organizations that attempt to balance the interests of their stakeholders while making a positive impact on society. "As we enter 2025, we will have to become more than a lab and a startup -- we have to become an enduring company," OpenAI said, adding that many of its competitors are registered as PBCs, including Anthropic and even Elon Musk's own xAI. "[The move] would enable us to raise the necessary capital with conventional terms like others in this space."