A holding company is a type of business entity that owns and controls the shares or membership interests of other Corporations or LLCs, respectively. Unlike business entities that focus on sale of goods or providing services, a holding company’s primary function is to hold a significant portion of the ownership interests in other businesses. This allows the holding company to influence or control the operations and policies of these subsidiary companies, which can can have several benefits...

OpenAI announced that with Open AI LP's "capped for-profit" company structure - a Limited Partnership business structure where a capped for-profit entity will be controlled by the Nonprofit Corporation - OpenAI will be able to stay true to its mission of ensuring the creation and adoption of safe and beneficial Artificial General Intelligence (AGI) - ahead of generating returns for investors. Do you Agree that Open AI may remain true to its original mission as a Non-Profit?