public benefit corporation

A public benefit corporation (PBC) is a type of for-profit corporation that is legally required to pursue one or more specific public benefits in addition to generating profit for its shareholders. It is structured so that the company’s directors and officers must balance financial interests with social, environmental, or other public goals identified in its charter. This framework allows the corporation to prioritize long-term public good alongside shareholder value.
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    Microsoft’s AI Bet Pays Off With 13,500% Return After OpenAI Deal

    Microsoft’s AI Bet Pays Off With 13,500% Return After OpenAI Restructure Microsoft’s early gamble on artificial intelligence has turned into one of the most profitable investments in corporate history. Following OpenAI’s transition into a Public Benefit Corporation (OpenAI Group PBC)...
  2. OpenAI Becomes Public Benefit Corporation as Microsoft Invests $135B

    OpenAI Becomes Public Benefit Corporation as Microsoft Invests $135B

    OpenAI Becomes Public Benefit Corporation as Microsoft Invests $135B OpenAI has completed a sweeping corporate restructuring, transforming into a public benefit corporation (PBC) — a business model designed to balance profit-making with broader social and ethical responsibilities. The move...
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