Becky Peterson / The Information:

Filing: xAI incorporates as a for-profit benefit corporation, letting the startup prioritize having a positive societal impact over its shareholder obligations  —  Elon Musk's artificial intelligence startup, xAI, is following in the footsteps of rivals OpenAI and Anthropic in opting for an unusual corporate structure.

Becky Peterson / The Information:

Filing: xAI incorporates as a for-profit benefit corporation, letting the startup prioritize having a positive societal impact over its shareholder obligations  —  Elon Musk's artificial intelligence startup, xAI, is following in the footsteps of rivals OpenAI and Anthropic in opting for an unusual corporate structure.

Source: TechMeme
Source Link: http://www.techmeme.com/231226/p11#a231226p11