OpenAI completes conversion to for-profit business after lengthy legal saga

Restructuring paves way for ChatGPT maker to more easily raise capital and profit off its AI technologyOpenAI said on 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...

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