What Becoming a PBC Taught Me About the Future of Capitalism

When you become a PBC, your purpose becomes part of your governance. You have to report on it. You have to track it. You have ...
Case Western Reserve University

“The Public Benefit Corporation: Panacea or Pipe Dream?”

Members of the Case Western Reserve University community are invited to join the School of Law for a talk titled “The Public Benefit Corporation: Panacea or Pipe Dream?” Wednesday, Oct. 9, from 4:30 ...
Morningstar

Quansight Transitions to a Public Benefit Corporation (PBC), Reinforcing Commitment to Sustainable Open-Source Software

The new structure ensures long-term support for critical open-source projects while aligning profit with purpose. Quansight, a leader in open-source scientific computing and data science, today ...
techtimes

OpenAI Keeps Nonprofit in Charge, Restructures For-Profit Arm as Public Benefit Corporation

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 ...
MediaPost

xAI Quietly Rescinds 'Public Benefit Corp' In Nevada

Elon Musk's artificial intelligence startup xAI has ditched its official status as a public benefit corporation (PBC). Moving forward, the company will no longer be responsible for the same societal ...

Microsoft and OpenAI make a deal: Reading between the lines of their secretive new agreement

Microsoft and OpenAI announced a non-binding memorandum of understanding Thursday afternoon, signaling that they’ve agreed in principle on changing and continuing one of the defining partnerships of ...
Seeking Alpha

OpenAI CFO says public benefit corp. structure paves way for potential IPO: report

OpenAI Chief Financial Officer Sarah Friar said the new structure enacted by the ChatGPT maker this month paves the way for an initial public offering. “A PBC gets us to an IPO-able event … if and ...