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 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.

He reported from San Francisco. OpenAI revealed details on Friday about its plans to adopt a new corporate structure that will remove the company from control by a nonprofit that has been the ...

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.

Under the proposed plan, the ChatGPT maker's existing for-profit arm would become a Delaware-based public benefit corporation (PBC) - a structure designed to consider the interests of society in ...

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 ...