OpenAI completes conversion to for-profit business after lengthy legal saga

<p>Restructuring paves way for ChatGPT maker to more easily raise capital and profit off its AI technology</p><p>OpenAI said on Tuesday it had converted its main business into a for-profit corporation, the conclusion of a lengthy and fraught legal saga.</p><p>A crucial regulator, Kathy Jennings, the Delaware attorney general, said she approved the plan for the startup, which began as a non-profit in 2015, to change to a public benefit corporation, a type of for-profit entity that expresses commitment to bettering society.</p> <a href="https://www.theguardian.com/technology/2025/oct/28/openai-for-profit-restructuring">Continue reading...</a>