{"id":891435,"date":"2024-12-28T08:46:02","date_gmt":"2024-12-28T03:16:02","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=891435"},"modified":"2024-12-28T09:09:18","modified_gmt":"2024-12-28T03:39:18","slug":"openai-proposes-public-benefit-corporation-model-to-drive-ai-development","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/28\/openai-proposes-public-benefit-corporation-model-to-drive-ai-development\/","title":{"rendered":"OpenAI proposes public benefit corporation model to drive AI development"},"content":{"rendered":"<p>OpenAI, the artificial intelligence powerhouse founded in 2015 as a research-focused nonprofit, is exploring a significant organisational shift that could establish a more conventional revenue-generating corporation alongside its nonprofit foundation. <\/p>\n<p>In a blog post on Friday, the company\u2019s board revealed it is evaluating a proposal to convert its business operations into a Delaware Public Benefit Corporation (PBC). This structure would allow the for-profit arm to pursue profits while maintaining a societal mission. The nonprofit arm would retain a significant stake in the profit-driven entity, holding shares valued by independent financial advisers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OpenAI, the artificial intelligence powerhouse founded in 2015 as a research-focused nonprofit, is exploring a significant organisational shift that could establish a more conventional revenue-generating corporation alongside its nonprofit foundation. In a blog post on Friday, the company\u2019s board revealed it is evaluating a proposal to convert its business operations into a Delaware Public Benefit Corporation (PBC). This structure would allow the for-profit arm to pursue profits while maintaining a societal mission. The nonprofit arm would retain a significant stake in the profit-driven entity, holding shares valued by independent financial advisers.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-891435","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/891435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=891435"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/891435\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=891435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=891435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=891435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}