OpenAI Hints at IPO – Will They Become a Public Benefit Corporation?

OpenAI, the company behind the popular generative AI product, ChatGPT, has hinted at launching an IPO and becoming a public company. Currently OpenAI has a unique corporate structure as a hybrid non-profit/for-profit entity but may transition to a for-profit public benefit corporation (PBC). Keene Advisors is also a benefit corporation and we’ll explain what this transition might mean for OpenAI.