OpenAI announces restructuring plan to create public benefit corporation, raise capital

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OpenAI announces restructuring plan to create public benefit corporation, raise capital

A representational picture showing the OpenAI logo displayed on a phone screen on May 20, 2024. — ReutersAnnouncing restructuring plans, OpenAI said on Friday it would establish a public benefit company to make it simpler to "raise more capital than it had imagined," and lift the...

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