Elon Musks artificial intelligence company xAI organized in Nevada as a for-profit benefit corporation,The Informationreported on Tuesday.
Three of Americas leading artificial intelligence companies have designated themselves as benefit corporations or non-profit organizations.
A benefit corporation, like xAI and Anthropic, may have certain legal advantages compared to a public company.
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That seems to mean no exterior body or individual can hold xAI accountable for these claims of benefitting society.
Any claims against the company must come from an internal director or large shareholder through a benefit enforcement proceeding.
AI startups are shaping up to be the morally righteous vehicles that generate profits for regular companies.
Investors in X will own 25% of xAI, according to The Information.
The same goes for Anthropic, which received over$6 billion in funding from Google and Amazon.
And of course, Microsoft and OpenAIs relationship hascaught the attention of regulators.
If that all goes to plan, it would certainly be a first for Silicon Valley.
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