> A key benefit of this PBC structure is its potential to thwart an unwanted acquisition or an activist’s demands, according to multiple people familiar with th

> A key benefit of this PBC structure is its potential to thwart an unwanted acquisition or an activist’s demands, according to multiple people familiar with the company’s thinking. This means an existing investor such as Microsoft or another party could be frustrated if they mounted an effort to acquire OpenAI. An astonishing justification proffered for OpenAI's attempt to remove itself from being controlled by a non-profit entity. A PBC might be better than a regular c-corp, but it is not better than a non-profit. OpenAI is pursuing this arrangement in order to grant Sam Altman more control and enable fundraising; the PBC thing is a way to fob off those concerned by exactly the wrong things (i.e. that Sam Altman might be incorrectly removed from power by external stakeholders, rather than, uh, being correctly removed from power by internal stakeholders).