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Flash News List

List of Flash News about nonprofit control

Time Details
2025-10-28
14:43
Sam Altman Announces Nonprofit Control and LLC-to-PBC Shift; 10:30 am PT Livestream to Detail Research, Product, Infrastructure, and Funding Plans for AI Stakeholders

According to @sama, a livestream will be held today at 10:30 am Pacific to discuss the organization’s new corporate structure, research goals, product evolution, infrastructure buildout update, and initial nonprofit funding areas, which he described as the most important updates this year, source: @sama on X, Oct 28, 2025. According to @sama, the nonprofit remains in control and the LLC will convert into a Public Benefit Corporation (PBC), source: @sama on X, Oct 28, 2025. According to @sama, capital deployment by the nonprofit will begin immediately, source: @sama on X, Oct 28, 2025. According to @sama, he expressed gratitude to the Delaware and California Attorneys General, partners at Microsoft, investors, and the team for enabling the new structure, source: @sama on X, Oct 28, 2025.

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