Public benefit corporations have societal and environmental obligations besides their financial goals and legally have to ...

Elon Musk’s AI firm, xAI, officially gave up its public benefit corporation status in Nevada without announcing the move, ...

Elon Musk's xAI quietly ended its public benefit corporation status late last year, amid its founder's ongoing battle with ...

Elon Musk launched his artificial intelligence company xAI in 2023 as a public benefit corporation (PBC) in Nevada, which is a legal structure that formally commits a company to having a positive ...

Elon Musk’s xAI changed its corporate structure to end its status as a Nevada public benefit corporation, which would have required the company to disclose information about its environmental and ...