OpenAI Wants to Create a Public Benefit Corporation. What Does That Mean?

After months of public pressure over its effort to convert from a nonprofit into a more traditional moneymaking business, OpenAI decided to partly walk back its plan and strike a complicated balance. While the ChatGPT owner still intends to form a public benefit corporation that’s meant to be more appealing to investors, the overall business would continue to be overseen by OpenAI’s nonprofit entity.