OpenAI is changing its corporate structure. The changes will likely give it more leeway over decisions and a defense against activist investors. But strategy advisors say it'll need to get more ...

Are B Corps right for healthcare companies? Cathy Thomas Hess, RN, a clinical wound care expert, founded Wound Care Strategies in 1995 as a healthcare business consulting company. Now called Well Care ...

OpenAI said Tuesday it has reorganized its ownership structure and converted its business into a public benefit corporation and a crucial regulator, the Delaware attorney general, said she approved ...

OpenAI to become a public benefit corporation, to facilitate funding OpenAI stresses need for capital to fund research for restructuring Musk and Meta oppose OpenAI's switch to for-profit entity ...

OpenAI plans to remain under nonprofit control as it restructures its for-profit business into a Public Benefit Corporation, the company announced Monday. The move clarifies OpenAI's governance after ...

As counsel for many socially-conscious businesses, perhaps the most frequent early-stage question we field from entrepreneurs is whether they should organize their business as a traditional business ...

The Wall Street Journal recently reported that xAI, the artificial intelligence startup founded by Elon Musk, completed a funding round of $5 billion at a pre-money valuation of $45 billion ($50 ...

On Oct. 9, Michael Dorff presented The Public Benefit Corporation: Panacea or Pipe Dream? as part of the Center for Business Law faculty speaker series at the School of Law. Dorff is the Executive ...

To do good while doing well has increasingly become a focus for businesses, reflecting a growing recognition of the desire of consumers, investors, and managers to tackle environmental and social ...

Elon Musk's xAI quietly ended its public benefit corporation status late last year, amid its founder's ongoing battle with OpenAI, CNBC reported. Maker of the Grok chatbot, xAI did not immediately ...