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Why OpenAI is trying to untangle its 'bespoke' corporate structure

Engadget

In it, the company detailed a plan to reorganize its for-profit arm into a public benefit corporation (PBC). What is a public benefit corporation? Critically, B Corp status isn't a designation with the weight of law, or even an industry-wide group, behind it it's a stamp of approval from this specific nonprofit.

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Public vote counting starts for Amazon union drive in Alabama

The Verge

Though some of the company’s warehouses are unionized in Europe, where labor laws make organizing far easier, only one other warehouse in the US has even made it to a vote before BHM1, and that was only a small group of 30 repair technicians at a Delaware warehouse. Photo by Patrick T. Fallon / AFP via Getty Images. And they lost.

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Raise, a startup building Africa’s Carta, gets backing from 500 Startups

TechCrunch

They spent money managing corporate structures for holding companies in Delaware, Canada, and Europe but maintained paper-based subsidiaries across Africa. It also inflates costs to enter and exit positions in private and public companies. This raises transaction costs to manage subsidiaries and issue employee stock options.

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Why Elon Musk offered to buy the OpenAI nonprofit

Recode by Vox

He says hes saving taxpayers billions of dollars (though outlays from the Treasury Department are public and make it pretty clear he hasnt ); he bragged that he fed USAID into the woodchipper, an aide on his Department of Government Efficiency was revealed to have said this summer to normalize Indian hate , resigned, and was then rehired.

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Israel’s political crisis has activated its apolitical tech industry — and there’s no turning back

TechCrunch

The latter have collectively become a key driver in the movement against the government’s proposals, alarmed as they are that Israel’s hallowed “Startup Nation” reputation was at threat if the sacred rule of law became questioned at home and abroad. But the delay looks like being only temporary.

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Butler shows hundreds of employees the door after raising $50M for room service delivery

TechCrunch

Yet they can inevitably be buffeted by economic, social and, in recent times, extreme public health headwinds. a special-purpose acquisition company that unsuccessfully attempted to take Fertitta Entertainment, a dining, hospitality, and gaming giant, public. Some of the complaints have been more public and open.

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

This is just my strong, intuitive sense that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,” Musk said at a TED conference on the day he made his offer. “I I don’t care about the economics at all.” The $1000/month is meant for larger organizations.

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