OpenAI announced plans to restructure into a public benefit corporation (PBC) to attract more capital and ease restrictions from its nonprofit parent. This move, aimed at balancing profit-making with social good, follows a $6.6 billion funding round. Critics, including co-founder Elon Musk, have raised concerns about prioritizing profit. The nonprofit will retain a significant stake, but experts warn that the PBC status may not guarantee adherence to its mission.
