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OpenAI shared new details about its plan to overhaul its company structure. Its current for-profit arm has been governed by a nonprofit board. OpenAI said its existing for-profit arm would become a ...

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 ...

(Reuters) - OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI race against ...

On the Friday after Christmas, OpenAI published a blog post titled "Why OpenAI's structure must evolve to advance our mission ...

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 ...

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 ...

CARLSBAD, Calif., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV), a solar mobility company pioneering ultra-efficient transportation, today announced its formal transition to a ...