Elon Musk’s xAI Adopts Benefit Corporation Model, Following OpenAI’s Lead

Billionaire Elon Musk-owned artificial intelligence startup, xAI, has adopted a for-profit benefit corporate structure in Nevada, joining the likes of OpenAI and Anthropic. This approach puts the company in a unique position to do some societal good, and dilutes its accountability towards its shareholders, The Information reported, citing a late November filing with Nevada. According The post Elon Musk’s xAI Adopts Benefit Corporation Model, Following OpenAI’s Lead appeared first on CoinGape .