This week: Musk’s xAI secretly drops benefit corporation status, Japan’s first Orange Bond unlocks US$100m for women and girls, coalition calls for impact recognition in EU regulation, and more.
This week: Bill’s Gates to close in 20 years; Char Love joins House of Hackney to stand up for nature; OpenAI’s public benefit corporation restructure confirmed – and more.
The impact investment and social enterprise communities head for Bluesky and reflect on the US election results. This week’s view from the Pioneers Post newsroom.
What are OpenAI CEO Sam Altman’s motivations in restructuring his tech firm into a public benefit corporation? Amendments to the law in the US state of Delaware might give a clue on whether Altman is looking for social impact or profit maximisation.