Royalty Pharma said on Friday it would pay about $1.1 billion to acquire RP Management, an organization that manages the healthcare firm's operations, as it seeks to simplify its corporate structure.

OpenAI would not be the first tech company to adopt the PBC structure. For instance, Anthropic, another San Francisco-based AI company, employs that motif. Meanwhile, non-tech companies like ...

Royalty Pharma agreed to acquire its external manager, RP Management, in a $1.1 billion deal that it believes will pay for itself in the long-term as it aims to simplify its corporate structure.

However, by 2019, it became clear that developing large-scale language models required substantial investments, prompting the company to introduce a hybrid structure. OpenAI raised $1 billion from ...

OpenAI has detailed its plans for a new corporate structure that would separate its business from being controlled by its nonprofit board. In a blog post shared by the company on social media on ...

This strategic move is designed to enhance alignment and streamline operations among its entities, potentially improving the company’s market positioning and offering benefits to stakeholders by ...