> "Our for-profit LLC, which has been under the nonprofit since 2019, will transition to a Public Benefit Corporation (PBC)–a purpose-driven company structure t

> "Our for-profit LLC, which has been under the nonprofit since 2019, will transition to a Public Benefit Corporation (PBC)–a purpose-driven company structure that has to consider the interests of both shareholders and the mission." One remarkable advantage of being a "Public Benefit Corporation" is this it: > prevent[s] shareholders from using a drop in stock value as evidence for dismissal or a lawsuit against the corporation[1] In my view, it is their own shareholders that the directors of OpenAI are insulating themselves against. [1] https://en.wikipedia.org/wiki/Benefit_corporation https://en.wikipedia.org/wiki/Benefit_corporation