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OpenAI Drops For-Profit Plans, Will Transition to Non-Profit-Governed Public Benefit Corporation
OpenAI has announced it will not convert into a traditional for-profit company, following legal consultations and external feedback. Instead, the firm will transition its commercial arm into a Public Benefit Corporation (PBC), ending its 100x profit cap and allowing more investor returns while maintaining its non-profit governance structure. The no...
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Apple to Reorganise Sales Division With Departure of Enterprise Chief
Mark Rogers, Apple’s vice president of western Europe and global enterprise sales, told colleagues that he’s leaving this fall. The move hasn’t been announced. In his current role, he oversees sales to corporate entities globally.
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Why OpenAI Plans Transition to Public Benefit Corporation
OpenAI is planning to transition its for-profit arm into a Delaware public benefit corporation (PBC). The aim is to raise capital. While both PBCs and traditional corporations are for-profit entities, PBCs are legally required to pursue one or more public benefits, including social and environmental goals.
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Visakhapatnam Steel Plant's Corporate Entity Hiring Company Secretary Trainee
The last date to submit applications is March 17, 2024.
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Top Public Sector Units Using GATE 2024 Score For Hiring, Details Here
GATE 2024: The Airports Authority of India, Engineers India Limited, and Indian Oil Corporation Limited are among the top public sector units using GATE scores for their recruitment processes.
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Delhi's 3 Civic Bodies Merged Into One- Municipal Corporation Of Delhi
Delhi's three civic bodies will become a single entity as Union Home Ministry issued a notification for the unification of the three municipal corporations that were trifurcated in 2012.
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Finance Authorities of Singapore Call for Stringent Licencing Process for Digital Asset Businesses
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) has supported the idea of establishing strict rules for entities wishing to operate in the virtual assets space. The MAS believes that the risks of misuse associated with the virtual assets industry cannot be ignored. It has backed a thorough verification process for cry...
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What Amit Shah Said In Parliament On Delhi Civic Bodies' Merger
Home Minister Amit Shah on Wednesday asserted that the bill to merge three municipal corporations of Delhi into a single entity does not "attack" the powers of the Union Territory.
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Centre Introduces Bill In Lok Sabha To Merge Delhi's 3 Municipal Bodies
A bill to merge the three municipal corporations in the national capital into a single entity was introduced in Lok Sabha on Friday amid opposition claims that the move was beyond the legislative competence of Parliament.
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PM Modi's Big Defence Move To "Make India World's Biggest Military Power"
PM Modi today said that 41 Ordnance factories are being converted into 7 government-run corporate entities, as a measure to improve our self-reliance and defence preparedness. He said the "goal is to make India the world's biggest military power".
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Beijing Owns Stakes in ByteDance, Weibo Domestic Entities Amid Regulatory Crackdown, Records Show
China has taken stakes in Chinese entities owned by tech companies ByteDance and Sina Weibo, corporate records showed, amid a widening regulatory crackdown on the industry.
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Ordnance Factory Board To Be Split Into 7 Entities For Defence Manufacturing
The government approved a long-pending proposal to restructure the nearly 200-year-old Ordnance Factory Board that operates 41 ammunition and defence equipment production facilities into 7 separate corporate entities.
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Mumbai Civic Body Reviews Applications From 9 Firms For Covid Vaccine Supply
The Brihanmumbai Municipal Corporation on Tuesday said it had started scrutiny of documents of nine of the ten entities which responded to a global Expression of Interest to supply one crore COVID-19 vaccine doses for Mumbai.
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PM-CARES Public Or Private Fund? Documents Reveal Contradiction
Is the PM-CARES fund set up for Covid a private or government trust? While it has been defined as a government trust for the purpose of corporate donations, a clause in the trust documents calls it a private entity, which leaves it exempt from RTI scrutiny.
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China's Great Wall Could Invest Rs. 7000 Crore In India, Eyes GM's Talegaon Plant
Chinese automaker Great Wall Motors could soon invest Rs. 7000 crore in India as the company plans to set-up operations in the country, a recent report from ETAuto suggests. With more and more China-based carmakers setting shop in India, the news does come as little surprise, the massive investment plan certainly is big news amidst one of the worst...
-
OpenAI Drops For-Profit Plans, Will Transition to Non-Profit-Governed Public Benefit Corporation
OpenAI has announced it will not convert into a traditional for-profit company, following legal consultations and external feedback. Instead, the firm will transition its commercial arm into a Public Benefit Corporation (PBC), ending its 100x profit cap and allowing more investor returns while maintaining its non-profit governance structure. The no...
-
Apple to Reorganise Sales Division With Departure of Enterprise Chief
Mark Rogers, Apple’s vice president of western Europe and global enterprise sales, told colleagues that he’s leaving this fall. The move hasn’t been announced. In his current role, he oversees sales to corporate entities globally.
-
Why OpenAI Plans Transition to Public Benefit Corporation
OpenAI is planning to transition its for-profit arm into a Delaware public benefit corporation (PBC). The aim is to raise capital. While both PBCs and traditional corporations are for-profit entities, PBCs are legally required to pursue one or more public benefits, including social and environmental goals.
-
Visakhapatnam Steel Plant's Corporate Entity Hiring Company Secretary Trainee
The last date to submit applications is March 17, 2024.
-
Top Public Sector Units Using GATE 2024 Score For Hiring, Details Here
GATE 2024: The Airports Authority of India, Engineers India Limited, and Indian Oil Corporation Limited are among the top public sector units using GATE scores for their recruitment processes.
-
Delhi's 3 Civic Bodies Merged Into One- Municipal Corporation Of Delhi
Delhi's three civic bodies will become a single entity as Union Home Ministry issued a notification for the unification of the three municipal corporations that were trifurcated in 2012.
-
Finance Authorities of Singapore Call for Stringent Licencing Process for Digital Asset Businesses
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) has supported the idea of establishing strict rules for entities wishing to operate in the virtual assets space. The MAS believes that the risks of misuse associated with the virtual assets industry cannot be ignored. It has backed a thorough verification process for cry...
-
What Amit Shah Said In Parliament On Delhi Civic Bodies' Merger
Home Minister Amit Shah on Wednesday asserted that the bill to merge three municipal corporations of Delhi into a single entity does not "attack" the powers of the Union Territory.
-
Centre Introduces Bill In Lok Sabha To Merge Delhi's 3 Municipal Bodies
A bill to merge the three municipal corporations in the national capital into a single entity was introduced in Lok Sabha on Friday amid opposition claims that the move was beyond the legislative competence of Parliament.
-
PM Modi's Big Defence Move To "Make India World's Biggest Military Power"
PM Modi today said that 41 Ordnance factories are being converted into 7 government-run corporate entities, as a measure to improve our self-reliance and defence preparedness. He said the "goal is to make India the world's biggest military power".
-
Beijing Owns Stakes in ByteDance, Weibo Domestic Entities Amid Regulatory Crackdown, Records Show
China has taken stakes in Chinese entities owned by tech companies ByteDance and Sina Weibo, corporate records showed, amid a widening regulatory crackdown on the industry.
-
Ordnance Factory Board To Be Split Into 7 Entities For Defence Manufacturing
The government approved a long-pending proposal to restructure the nearly 200-year-old Ordnance Factory Board that operates 41 ammunition and defence equipment production facilities into 7 separate corporate entities.
-
Mumbai Civic Body Reviews Applications From 9 Firms For Covid Vaccine Supply
The Brihanmumbai Municipal Corporation on Tuesday said it had started scrutiny of documents of nine of the ten entities which responded to a global Expression of Interest to supply one crore COVID-19 vaccine doses for Mumbai.
-
PM-CARES Public Or Private Fund? Documents Reveal Contradiction
Is the PM-CARES fund set up for Covid a private or government trust? While it has been defined as a government trust for the purpose of corporate donations, a clause in the trust documents calls it a private entity, which leaves it exempt from RTI scrutiny.
-
China's Great Wall Could Invest Rs. 7000 Crore In India, Eyes GM's Talegaon Plant
Chinese automaker Great Wall Motors could soon invest Rs. 7000 crore in India as the company plans to set-up operations in the country, a recent report from ETAuto suggests. With more and more China-based carmakers setting shop in India, the news does come as little surprise, the massive investment plan certainly is big news amidst one of the worst...
