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OpenAI cleared by Calif., Del. to launch for-profit public benefit corporation

By Mike Swift ( October 28, 2025, 22:36 GMT | Insight) -- OpenAI won regulatory approval from the attorneys general of California and Delaware today for a new corporate structure headed by a public benefits corporation, which OpenAI CEO Sam Altman said “will operate more like a normal company" but will be “bound to that mission” of public good and the safe development of generative AI toward the goal of reaching artificial general intelligence. Altman said the approval will clear the way to raise capital that will allow OpenAI to become a platform company that will "get the whole world to build amazing new companies and services and applications on top of it."OpenAI won regulatory approval Tuesday from California and Delaware for a corporate transition to a for-profit public benefit corporation, even as its chief executive described its evolution to a platform company able to access billions in capital to compete with the likes of Google, Apple and Meta Platforms....

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