ethical investing

2+ articles

AI development Anthropic Delaware PBC Elon Musk OpenAI

NYC Faces Crunch Time on Tesla Pension Divestment

New York City's pension funds are under the spotlight as calls grow to divest $1.2 billion from Tesla amidst CEO Elon Musk's controversial actions and the company's shaky financial performance. Comptroller candidate Justin Brannan's push contrasts past divestments, raising ethical investment debates reminiscent of fossil fuels and apartheid. Is Tesla the new ethical frontier for NYC's pension strategy?

Jun 15

NYC Faces Crunch Time on Tesla Pension Divestment

OpenAI's Big Move: Transitioning to a Public Benefit Corporation

OpenAI is shaking things up by planning a 2024 transition to a Public Benefit Corporation (PBC). This shift aims to align capital raising needs with their mission of responsible AI development. By adopting a structure similar to competitors like Anthropic and xAI, OpenAI hopes to legally balance profit with public benefits, though experts highlight some challenges.

Dec 31

OpenAI's Big Move: Transitioning to a Public Benefit Corporation