Elon Musk’s xAI quietly dropped its status as a public benefit corporation.
Public benefit corporations have societal and environmental obligations besides their financial goals and legally have to report on how those obligations are going. But at some point before May 2024, xAI quietly changed its structure so it wouldn’t need to do those things anymore, CNBC reported. [Link: Elon Musk's xAI secretly dropped its benefit corporation status while fighting OpenAI | https://www.cnbc.com/2025/0…
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