“Openai” attempts to turn into a public benefit business. What does that mean?

After months of correspondence with the regulatory authorities and the parties with the government, Openai announced that it is near the transformation in a traditional profitable company, an important step in its efforts to secure other billions of capital to build advanced artificial intelligence products. As part of the restructuring, Chatgpt intends to form a public benefit business that is supposed to be more attractive to investors. The non -profit “oben AI” entity will continue to oversee business in general and will receive part of more than $ 100 billion in the new company. A preliminary agreement to restructure “Openai” to move to a traditional opposition of a traditional enterprise “from former employees, academics and competitors, including Elon Musk, who expressed concern over the priority of the business to develop safe artificial intelligence. The approach of an enterprise with a public advantage is an attempt to achieve a complicated balance that will reduce these problems. What is the public benefit business, and how will the change affect the activities of “oben ai”? What is the public benefit business? A Delaware law has been placed in this classification, enabling profitable entities to achieve parallel goals related to improving society. The directors and managers of public benefit companies must balance the interests of the shareholders and the interests of ‘financially by the behavior of the enterprise’ and the general benefits specified in the company’s charter. They are not obliged to give a group of interests at the expense of another. Why create a public benefit business? Because the structure of the public benefits -enterprise businesses give the freedom to seek parallel to social and financial goals. This may enable the company to finance its enormous investments more easily, while continuing to take a position against investors pushing the company to abandon its social mission and precedes higher financial returns. How is it compared to the current structure of the “Oben AI” business? “Oben Ai” is currently working within the framework of a hybrid structure, where the company is “oben ai incorporest” “a non -profit organization and” oben ai limited lybily compleet companyist “, in which the giant software business” Microsoft “owns a minority interest, which is a subsidiary. Charity goals of the non -profit organization. Investors so that they are happy to continue with our financing to the extent we believe we will be needed, “said Samtman CEO, Open Ai, in a call with journalists in May. However, the management structure is still under the development. Among the new plan, the non -profit organization will have a separate board of the profitable organization, but both will consist of current management of the council. Profit Organization. remaining steps before the restructuring is completed? California’s public prosecutor Rob Punta and the prosecutor of the company. Offices issued a joint letter to the Board of Directors ‘Oben AI’ in which they expressed concern about recent reports on how ‘Oben AI’ products interacted with children, including a California resident who said Punta. He died after his interaction with a conversational robot. ‘Mission in an active lawsuit.