Feeling nostalgic? Then check out one of the many retro game collections at Best Buy. Each one features numerous classic games in a single package, giving you a chance to relive everything from timeless RPGs like Final Fantasy, classic Capcom arcade fighting games, and more. Yu-Gi-Oh fans will also want to check out the newly released Early Days Collection that's packed with over a dozen Game Boy and Game Boy Advance games and includes an exclusive Yu-Gi-Oh trading card. If you need help sifting through the massive catalog, weve compiled a list of several notable retro game collections available at Best Buy. Atari 50: The Anniversary Celebration Expanded Edition$32 ($40) This collection pulls together over 90 games across a variety of Atari platforms. This includes:AsteroidsBreakoutCentipedeCloak & DaggerCrystal CastlesMissile CommandPongAnd more.Youll also get various commentaries about many of the games, giving you a chance to learn more about the history behind these iconic creations. Other notable features include archival footage, new interviews with former Atari employees, and a handful of new games inspired by the classics.There are three versions available. The standard edition is available for $20 on Switch and includes all the above game and bonus content. There's also an Expanded Edition that includes 39 more Atari games and additional bonus content available for $32 on Switch and $34 on PS5. There is also a $50 steelbook Switch version that adds physical collectibles like art cards and mini marquee signs.See at Best BuyStandard Edition (Switch) -- $20Expanded Edition (PS5) -- $34Expanded Edition (Switch) -- $32Expanded Steelbook Edition (Switch) -- $50 Capcom Fighting Collection 2$40 | Releases May 16This upcoming collection of classic Capcom fighting games includes:Capcom vs SNKCapcom vs SNK 2Capcom Fighting EvolutionStreet Fighter Alpha 3 UpperPower StonePower Stone 2Project JusticePlasma Sword: Nightmare of BilsteinEach game features online connectivity so you can jump online for multiplayer brawls. Theres also a bunch of quality-of-life updates (like mid-match save states), plus a variety of art and museum galleries giving you a chance to explore the history of Capcoms fighting games when youre not button-mashing. Preorders are available for the Switch and PlayStation version.Preorder at Best BuySwitchPS4 Disney Classic Games Collection$20Disney made some brutally difficult games back in the day, and now you can relive three of them with this collection that includes:The Lion KingThe Jungle BookAladdinThis collection gives you a chance to play both console and handheld versions of all three games. There are also both 16-bit versions of Aladdin and 1080p support for all games--making these retro hits a great match for modern TVs. The collection is rounded out with a soundtrack, behind-the-scenes features, and enhancements like a rewind feature.See at Best BuySwitch Final Fantasy I-VI Collection: Anniversary Edition$55 ($75)This collection pulls together all-new pixel remasters of the first six Final Fantasy games:Final FantasyFinal Fantasy IIFinal Fantasy IIIFinal Fantasy IVFinal Fantasy VFinal Fantasy VIPhysical versions are available on Switch and PS4. Along with updated 2D graphics, the collection features an upgraded UI, an art gallery, and a music player. Theres also a comprehensive bestiary filled with info about the many creatures inhabiting the world of Final Fantasy.See at Best BuySwitchPS4 Grand Theft Auto: The Trilogy - Definitive Edition$60Were still waiting for GTA VI, but you can bide some time with this trilogy collection. It includes:Grand Theft Auto 3Grand Theft Auto: Vice CityGrand Theft Auto: San AndreasAll three have been modernized with a new remapped control scheme based on GTAV, plus upgraded lighting, high-resolution textures, and improved draw distances.See at Best BuyPS4 Jurassic Park Classic Games Collection$32 - $40Check out seven retro games with this modernized Jurassic Park Collection. The games included are:Jurassic Park 8-bitJurassic Park PortableJurassic Park 16-bitJurassic Park GenesisJurassic Park Part 2: The Chaos Continues 16-bitJurassic Park Part 2: The Chaos Continues PortableJurassic Park: Rampage Edition GenesisAll entries in this collection benefit from modern updates. Youll now have access to a new save system, in-game maps, and various other quality-of-life enhancements. With Jurassic Park Rebirth heading to theaters later this year, now is a great time to check out these classics.See at Best BuyPS5 -- $40Switch -- $32 Legacy of Kain: Soul Reaver 1&2 RemasteredThe cult-classic action-adventure series Legacy of Kain finally returned last year with a remastered collection of two of the best games in the series, Soul Reaver and Soul Reaver 2. The collection originally launched as a digital-only title, but physical PS5 and Switch versions are launching on June 13, and are available to preorder.The remastered versions include the option to play with enhanced graphics or the original PS1 and PS2 visuals, which can be swapped between at the press of a button. There are also helpful tweaks like a new compass and world map for easier navigation. You also get a bunch of behind-the-scenes content like concept art galleries, fan art, and even clips of voice over recording sessions.The standard edition is available for $30, and there's a $50 Deluxe Edition that includes a Steelbook case, artbook, soundtrack CD, and collector's box.Preorder Legacy of Kain: Soul Reaver 1&2 Remastered at Best BuyStandard Edition -- $30 | Released June 13Deluxe Edition -- $50 | Released June 13 Marvel vs. Capcom Fighting Collection: Arcade Classics$40 ($50)This nostalgic bundle includes numerous Marvel-themed arcade fighting games made by Capcom, each of which features modernized tweaks and bonus content. The seven games in the Marvel vs. Capcom Fighting Collection are:Marvel vs. Capcom Clash of Super HeroesMarvel vs. Capcom 2: New Age of HeroesMarvel Super HeroesMarvel Super Heroes vs. Street FighterThe PunisherX-Men Children of the AtomX-Men vs. Street FighterOn all seven titles, newcomers can enjoy enhanced training modes, and veterans can jump online for multiplayer brawls. The collection also features a gallery of over 500 pieces of art from each game's development, including some never-before-seen illustrations and concept pieces.See at Best BuySwitchPS4 Metal Gear Solid: Master Collection Vol. 1$32 - $40This collection includes the first three Metal Gear Solid titles, plus two of the earlier Metal Gear games and a host of extras. Here's a look at the games inlcuded:Metal GearMetal Gear 2: Solid SnakeMetal Gear SolidMetal Gear Solid 2: Sons of LibertyMetal Gera Solid 3: Snake EaterYoure getting more than just three games, as the collection includes a screenplay book featuring in-game text for each title, a Master Book with character and story details, and more.See at Best BuyPS5 -- $32Xbox -- $40Switch -- $40 Sonic Origins Plus$40If you gotta go fast, then you gotta check out this impressive Sonic collection that features four iconic Sonic games from the Sega Genesis and Sega CD, plus 12 Sonic titles from the Sega Game Gear handheld. The main four games include:Sonic the Hedgehog (16-bit)Sonic the Hedgehog CDSonic the Hedgehog 2 (16-bit)Sonic 3 & KnucklesIt comes with plenty of enhancements, too, such as HD support, new playable characters, and a variety of challenge modes. Theres also a museum section filled with various behind-the-scenes content, plus a 20-page art book and reversible case cover.See at Best BuyPS5PS4XboxSwitch Teenage Mutant Ninja Turtles: The Cowabunga Collection$25Check out 13 classic TMNT games with this enhanced retro collection. Along with a bunch of quality-of-life updates, youll have access to the following games:Teenage Mutant Ninja Turtles (Arcade)Teenage Mutant Ninja Turtles: Turtles in TimeTeenage Mutant Ninja Turtles (NES)Teenage Mutant Ninja Turtles II: The Arcade GameTeenage Mutant Ninja Turtles III: The Manhattan ProjectTeenage Mutant Ninja Turtles: Tournament FightersTeenage Mutant Ninja Turtles IV: Turtles in TimeTeenage Mutant Ninja Turtles: Tournament FightersTeenage Mutant Ninja Turtles: The Hyperstone HeistTeenage Mutant Ninja Turtles: Tournament FightersTeenage Mutant Ninja Turtles: Fall of The Foot ClanTeenage Mutant Ninja Turtles II: Back From The SewersTeenage Mutant Ninja Turtles III: Radical RescueSelect games in the bundle feature online play and local coop, making this a great bundle if youre seeking a retro multiplayer experience. There are also new button mapping options and a wealth of sketches and artwork if youd like to learn more about the games development.See at Best BuyPS5Switch Tomb Raider I-III Remastered$30Tomb Raider I-III Remastered lets you relive the original three games in the long-running action-adventure series. Enhanced versions of all three games are included, alongside bonus chapters for each. Here's what's included:Tomb Raider I + Unfinished BusinessTomb Raider II + Golden MaskTomb Raider III + The Lost ArtifactAll three games let you swap between enhanced high-resolution graphics and the original lo-fi visuals with the press of a button. If youre a longtime fan, check out the Deluxe Edition for $50 to get a collectors box, steelbook, exploration map, digital soundtrack, and greatest hits CD.It's also worth mentioning that a second collection, Tomb Raider IV-VI Remastered, recently launched and is available if you want to continue Lara Croft's adventures.See Tomb Raider I-III Remastered at Best BuyStandard Edition (PS5) -- $30Standard Edition (PS4) -- $30Standard Edition (Switch) -- $30Deluxe Edition (PS5) -- $50Deluxe Edition (Switch) -- $50 Ty the Tasmanian Tiger HD: Bush Rescue Bundle$40Check out three quirky platformers in one with this Ty the Tasmanian Tiger bundle. It gets you:Ty the Tasmanian Tiger 2: Bush Rescue HDTy the Tasmanian Tiger 4: Bush Rescue ReturnsTy the Tasmanian Tiger HDThough Ty never quite found the same success as Mario or Sonic, the mascot still starred in several great video games. Along with updated graphics and controls, you can explore a new Hardcore Mode thats a perfect fit for longtime fans. Other game modes include Time Attack, Turkey Chase, and Danger Arena, giving you plenty of ways to enjoy its platforming chaos when not working through Adventure Mode. Theres also a Deluxe Edition that comes with a soundtrack voucher for all three games plus a softcover artbook.See at Best BuySwitchSwitch (Deluxe Edition) Yu-Gi-Oh Early Days Collection$50 | Releases February 27Relive the early days of Yu-Gi-Oh with this upcoming bundle featuring 14 Game Boy and Game Boy Advance titles. Heres a look at whats included:Yu-Gi-Oh: Duel MonstersYu-Gi-Oh: Duel Monsters 2Yu-Gi-Oh: Mosnter CapsuleYu-Gi-Oh: Dark Duel StoriesYu-Gi-Oh: Duel Monsters 4Yu-Gi-Oh: Dungeon Dice MonstersYu-Gi-Oh: The Eternal Duelist SoulYu-Gi-Oh: Duel Monsters 6Yu-Gi-Oh: The Sacred CardsYu-Gi-Oh: Reshef of DestructionYu-Gi-Oh: Stairway to the Destined DuelYu-Gi-Oh: World Championship Tournament 2004Yu-Gi-Oh: Destiny Board TravleerYu-Gi-Oh: Trials to GloryEnhancements for this bundle include rewind and fast-forward functions, the ability to save your game anywhere, and a digital gallery with box art and game manuals for all 14 titles. As a bonus, youll get one of two Quarter Century Secret Rare Harpies Feather Duster TCG cards.Preorder at Best BuySwitch Remasters and RemakesLooking for something else? A bunch of remasters and remakes of classic games are also available at Best Buy, offering new ways to experience a nostalgic adventure, like Resident Evil 4, System Shock, and the upcoming Metal Gear Solid Delta: Snake Eater. Check the list below for even more.Dragon Quest 3 HD-2D Remake -- $60Metal Gear Solid Delta: Snake Eater -- $70 | Releases August 28Metal Gear Solid Delta: Snake Eater Collectors Edition -- $200 | Releases August 28Persona 3 Reload -- $70Persona 3 Reload Collectors Edition -- $200Phantom Brave: The Lost Hero Deluxe Edition -- $60R-Type Tactics I-II Cosmos: Deluxe Edition -- $50Resident Evil 2 -- $30Resident Evil 3 -- $30Resident Evil 4 -- $20 ($30)Romancing Saga: Minstrel Song Remastered -- $45Romancing Saga 2: Revenge of the Seven -- $40 ($50)Silent Hill 2 -- $70Star Ocean: The Second Story R -- $30 ($40)Suikoden 1 + 2 Remaster -- $50System Shock -- $30Tales of Graces f Remastered -- $40We Love Katamari Reroll + Royal Reverie -- $20Ys Memoire: The Oath of Felghana Refined Edition -- $60

A water elevator might not be one of the first base upgrades you make in Minecraft, but it's incredibly useful once you understand how to design one. What it does is allow you to vertically travel quickly over vast distances. The primary use for a water elevator is to get up and down a mine shaft from your base or go somewhere else underground. However, the elevators can also be used to ascend to high locations above ground. Whatever your use case for a water elevator, you can see a step-by-step guide for how to make one in Minecraft below. Gathering the right resourcesBefore you start construction on your water elevator, you need to gather all the necessary materials to build it. You can find a list of everything you need for the water elevator below: Glass blocks (the number depends on how high you want the elevator)Any kind of sign (you need at least two, more if you want both an up and down elevator)Bucket of water (two for both elevators)Kelp (bring the same number of Kelp as the height of your elevator in blocks)Gravel (two for both elevators)Soul Sand (for an up elevator)Magma Block (for a down elevator)The two most difficult resources you'll need are Soul Sand and a Magma Block. Both can be found in the Nether but the Magma Block can also be mined in the overworld as well. Aside from those blocks, gathering the Kelp for a high elevator can be challenging. If you want a particularly high elevator or both and up and down elevator, you'll need quite a lot of it. Building the foundationOnce you have the resources required to build a water elevator, it's time to get started building one. For demonstration purposes, we've made our water elevator out in the open, but the steps can be applied for a mine shift or anywhere else as well. If you're planning to make both an up and down water elevator, then follow the steps below to set it up: Place Glass blocks down as high as you want the elevator.From where your Glass blocks are, skip a block and put the same number down to the right or left. Repeat this step again, giving you three columns of Glass blocks. Put the same number of Glass blocks down behind each of the three columns. Now, place Glass blocks down behind the further back columns. However, you don't want to put them directly behind the columns. Instead, place them behind the columns to the right or left, making a shaft for the water to go down. You should now have the basic structure of an elevator. With all that done, head to the top of the elevator. Place Glass blocks all the way down the empty columns in the middle but stop placing them two blocks away from the ground. This prevents the water from escaping the sides of the elevator. Finally, use four signs and place them on the inner side of the Glass blocks in the columns. This fully prevents water from leaking out. If you only want to build one water elevator, which can only go up or down, then simply ignore one of the outer columns. Running the water down the elevator With your water elevator now looking like ours in the screenshot above, it's time to run the water down. Using your water bucket(s), empty the water down the shaft(s). The water will run free until all the way to the bottom, being fully stopped by the signs and Glass blocks. If your water is leaking out, you either didn't place the Glass blocks correctly or your signs aren't in the right spots. The water should be flowing freely from the top to the bottom. Placing Kelp in the elevator If your water is running down the elevator, it's time to get out your Kelp and Gravel. To start, replace the bottom block of either water elevator column with Gravel. Once that's done, place Kelp down on it and flow up the elevator, continually putting Kelp down on top of the last one. Repeat this process until you're all the way at the top of the elevator. Repeat this process again for the other elevator if needed. Swim through the water in your elevator to ensure all the Kelp is placed and accounted for before moving on to the next step. Adding Magma and Soul Sand With the Kelp placed in the elevator, head back to the Gravel and get rid of it. This will cause the Kelp to disappear as well. In the Gravel's place, put a Magma Block and/or Soul Sand. A Magma Block creates a down elevator while Soul Sand creates an up elevator. Once the Gravel has been replaced with either of those blocks, you should start to see bubbles form in each elevator. This means the process worked and the elevator has been completed. If you enter the elevator, you should be able to go up if you use Soul Sand. By going to the top of the Magma Block elevator and jumping down, you'll swiftly head down to the bottom of the elevator. Congratulations, you've successfully installed a water elevator in Minecraft, which is one of the most efficient ways to get around.

In Kingdom Come: Deliverance 2, being good at Marksmanship does not always depend on skill. It also has to do with which bows players equip. And pinpointing the best bows in the game can be difficult, with so many weapons to pick from.

Today's Recommended Film is the new event for Zenless Zone Zero. In this event, characters will try to explain what movie they want to watch as they ask you to recommend one. After reading their question, you can press on the icon next to each answer to read the films description and analyze both options.

Foldable phones are no longer a gimmick theyre here to stay, and theyre better than ever. Whether you love the nostalgia of a flip phone or want the versatility of a near tablet-sized display that fits in your pocket, todays new foldable devices are packed with cutting-edge tech. Brands like Samsung, Google and Motorola are leading the charge, pushing the boundaries of what a smartphone can do with sleek designs, powerful AI features and seamless multitasking.Unlike traditional smartphones, foldable phones give you the best of both worlds: a compact form factor when you need portability and a big screen when you want to stream, game or get work done. Plus, with advancements in durability, better outer screens and flagship-level specs, these phones are more practical than ever. Whether you're eyeing the latest Samsung phones or curious about whats next for foldables, weve rounded up the best options to help you decide.Note: For this guide, were focusing on devices that are widely available in North America and Europe. Thats because while there are even more options for people who live in Asia (especially China), they are often difficult to buy from abroad and may not support your local carriers. Table of contents Best foldable phones for 2025 How we test foldable phones Are foldable phones worth it? A note on durability Best foldable phones for 2025 How we test foldable phones When evaluating new foldable phones, we consider the same general criteria as we do when were judging the best smartphones. Devices need to have good battery life (at least a full days use), bright inner displays (peaks of at least 1,000 nits), sharp cameras and responsive performance. That said, foldable phones come in different shapes (and sizes); there are varying designs that may appeal to different types of people. For those who prefer more compact and stylish devices, flip phone-style foldables resemble old-school namesakes but with flexible interior displays (typically six to seven inches diagonally) and smaller outer screens, often referred to as the cover display. Alternatively, for power users and people who want to maximize mobile productivity, there are larger book-style foldables (with seven to eight-inch main displays) that can transform from a candy bar-style phone to essentially a small tablet when opened. Are foldable phones worth it? A note on durability Aside from their displays, the biggest difference between foldable phones and more traditional handsets is durability. Thats because while some models like the Pixel 9 Pro Fold and Samsungs foldables offer IPX8 water resistance (which is good for submersions of up to five feet for 30 minutes), their flexible screens which are largely made from plastic present some unique challenges. Most foldables come with factory-installed screen protectors. However, unlike regular phones, users are instructed not to remove them without assistance from approved service centers. Thankfully, Samsung phones do offer one free screen protector replacement for its foldables, while Google charges between $29 and $129 depending on the warranty status of your device. That said, while we cant do long-term testing for every new foldable phone on the market, after personally using the Galaxy Z Fold 3 and Galaxy Z Fold 4 each for a year, Ive found that Samsungs pre-installed screen protector tends to start bubbling nine to 12 months after purchase. So youll probably want to factor in that your foldable may need some sort of servicing after about a year unless you plan on removing the screen protector entirely (which is possible, but goes against most manufacturers' instructions). Furthermore, foldable phone owners need to be mindful about keeping sharp objects away from their flexible displays, as rocks, keys or even pressing down very hard with a fingernail can leave permanent marks. In the event that you need to get a flexible screen serviced, youre potentially facing a much higher repair bill when compared to a typical phone (up to $500 or more depending on the model and the severity of the damage). In short, while the ruggedness of foldable phones has improved a lot, they're still more delicate than traditional handsets, which is something you need to account for. However, foldables continue to evolve, with better AI features, improved specs and a more refined form factors that makes them even more practical. Whether youre after a flip phone for nostalgia or a big screen device for multitasking, todays foldable phones offer exciting possibilities you just have to decide if theyre the right fit for you.This article originally appeared on Engadget at https://www.engadget.com/mobile/smartphones/best-foldable-phones-160030013.html?src=rss

On the Friday after Christmas, OpenAI published a blog post titled "Why OpenAI's structure must evolve to advance our mission." In it, the company detailed a plan to reorganize its for-profit arm into a public benefit corporation (PBC). In the weeks since that announcement, I've spoken to some of the country's leading corporate law experts to gain a better understanding of OpenAI's plan, and, more importantly, what it might mean for its mission to build safe artificial general intelligence (AGI).What is a public benefit corporation?"Public benefit corporations are a relatively recent addition to the universe of business entity types," says Jens Dammann, professor of corporate law at the University of Texas School of Law. Depending on who you ask, you may get a different history of PBCs, but in the dominant narrative, they came out of a certification program created by a nonprofit called B Lab. Companies that complete a self-assessment and pay an annual fee to B Lab can carry the B Lab logo on their products and websites and call themselves B-Corps. Critically, B Corp status isn't a designation with the weight of law, or even an industry-wide group, behind it it's a stamp of approval from this specific nonprofit.As a result, B Lab eventually felt the certification program "was not enough," says Professor Michael Dorff, executive director of the Lowell Milken Institute for Business Law and Policy at UCLA. "They wanted something more permanent and more rooted in the law." So the organization began working with legal experts to create a model statute for what would become the benefit corporation. B Lab lobbied state legislatures to pass laws recognizing benefit corporations as legal entities, and in 2010, Maryland became the first state to do so. In 2013, Delaware enacted its own version of the law. To make things somewhat confusing, the state went with a different name: the public benefit corporation.Delaware is arguably the most important state for corporate law in the US, thanks to the Delaware Chancery Court and its body of business-friendly case law. As of 2022, 68.2 percent of all Fortune 500 companies, including many tech giants, are incorporated in the state despite largely operating elsewhere. Delaware is also the state where OpenAI plans to reincorporate its for-profit as a PBC.The basic idea behind public benefit corporations is that they're business entities that impose a constraint on their board to balance profit maximization, a public benefit that's stated in the charter of the company, and the concerns of people impacted by its conduct."It's a bit of a paradigm shift," says Professor Dammann, but don't confuse a PBC with a nonprofit. "The key characteristic of a nonprofit is what we call a non-distribution constraint, meaning if a nonprofit makes a profit, they can't distribute it to their shareholders," Professor Dammann says. "If you form a public benefit corporation, there's no such non-distribution constraint. At its heart, a PBC is still a for-profit corporation."Why is OpenAI pursuing a PBC structure?First and foremost, a PBC structure whether it's private or selling share on the open market would get OpenAI out from under that non-distribution constraint. But there are likely some other considerations at play.OpenAI hasn't publicly said this, but it appears some of its employees believe a PBC structure could protect the company from a hostile takeover if it were to go public. In a recent Financial Times report, a source within the company said a PBC structure would give OpenAI a "safe harbor" if a rival firm were to try to buy the company. It "gives you even more flexibility to say 'thanks for calling and have a nice day'," the person said.The specific threat OpenAI likely wants safe harbor from is what's known as the Revlon doctrine, which is named after a 1986 Delaware Supreme Court case involving the cosmetics company Revlon Inc. and now defunct supermarket chain Pantry Pride, then led by CEO Ronald Perelman. "The Revlon doctrine holds that if you're a publicly traded corporation [incorporated in Delaware] and somebody stages a takeover attempt, then under certain conditions, you have to sell to the highest bidder," says Professor Dammann.The underlying rationale behind Revlon is that a for-profit companys sole function is to generate profits, so the board is forced to make whatever choice will return the most money to shareholders."We don't know for sure, but we're fairly confident that the Revlon doctrine doesn't apply to public benefit corporations," says Professor Dammann. Theoretically, PBC boards may have the flexibility to reject a takeover bid if they believe a buyer won't adhere to the social values the company was founded on. However, because "none of this has been litigated," according to Professor Dorff, it remains a purely hypothetical defense.Moreover, it's unclear if reorganizing as a PBC would offer OpenAI more protection against a hostile takeover attempt than what it already has as a nonprofit. "I don't think this has been tested with this particular kind of structure, but my sense is that the nonprofit would not be obligated to sell even in a Revlon moment," says Professor Dorff."We need to raise more capital"OpenAIPublicly, OpenAI has said it needs to secure more investment, and that its current structure is holding it back. "We once again need to raise more capital than we'd imagined," OpenAI wrote in December, two months after securing $6 billion in new venture funding. "Investors want to back us but, at this scale of capital, need conventional equity and less structural bespokeness."Unpacking what the company likely means by "structural bespokeness" requires a short history lesson. In 2019, when OpenAI originally created its for-profit arm, it organized the company using a unique "capped-profit" structure. The company said it would limit investor returns to 100x, with excess returns going to the nonprofit. "We expect this multiple to be lower for future rounds as we make further progress," OpenAI added.It's fair to be critical of the company's claims. "You'd have to ask the investors, but I have to say that 100x is an exceptional rate or return, so the idea that you cannot get investment because of a 100x cap seems rich to me," says Professor Dorff. In fact, there are suggestions OpenAI was already making itself more attractive to investors before announcing its reorganization plan in December. In 2023, The Economist reported that the company changed its cap to increase (and not decrease as OpenAI had originally said it would) by 20 percent per year starting in 2025. At this time, OpenAI does not expect to be profitable until 2029, and racked up about $5 billion in losses last year."We want to increase our ability to raise capital while still serving our mission, and no pre-existing structure we know of strikes the right balance," OpenAI said in 2019. At that point, Delaware's PBC legislation had been law for nearly six years. However, the company is now arguing that a PBC structure would "enable us to raise the necessary capital with conventional terms like others in this space."In OpenAI's defense, calling its current structure convoluted would be an understatement. As you can see from the company's own org chart, there are two other entities under the OpenAI umbrella, including a holding company that's an intermediary between the nonprofit and for-profit. Engadget was able to find at least 11 different Delaware companies registered to OpenAI. George R.R. Martin, Jodi Picoult and other members of the Author's Guild probably described it best in their copyright lawsuit against the company, calling OpenAI "a tangled thicket of interlocking entities that generally keep from the public what the precise relationships among them are and what function each entity serves within the larger corporate structure."OpenAI did not respond to multiple requests for comment from Engadget."A stronger nonprofit supported by the for-profits success"ReutersOpenAI's nonprofit arm does essentially two things: controls the for-profit side's business, and exists as a "vehicle" to develop "safe and broadly beneficial AGI" (artificial general intelligence).According to the company, its current structure does not allow its nonprofit arm to "easily do more than control the for-profit." If it were freed of that responsibility by say, handing it off to investors OpenAI suggests its nonprofit could focus its resources on charitable initiatives, all while becoming "one of the best-resourced nonprofits in history."To remedy the situation, OpenAI's board says the nonprofit should give up absolute control over the for-profit and take whatever degree of control comes with the amount of stock it's granted through the reorganization process. "The nonprofit's significant interest in the existing for-profit would take the form of shares in the PBC at a fair valuation determined by independent financial advisors," OpenAI says of this part of its plan.Professor Dorff argues who controls OpenAI is critical to the company maintaining its mission. The move to reorganize the for-profit as a PBC is not controversial. "Companies do it all the time; theres a straightforward and clear process to do that," he tells me. "What is controversial is what they're trying to do to change the nature of the nonprofit's ownership interest in the for-profit."At the risk of oversimplifying things, OpenAI's board of directors wants to divest the company's nonprofit of two of its most important assets: control of the for-profit and its rights to the profits from AGI. "You can't just do that," says Professor Dorff. "The assets of the nonprofit must remain dedicated to the purpose of the nonprofit." There are rules that allow nonprofits to modify their purpose if their original one is made defunct, but those won't apply to OpenAI since we're not living in a world with safe (or any) AGI.Think of it this way, what is the value of artificial general intelligence? It's not a traditional asset like real estate or the EVs sold by Tesla. AGI, as defined by OpenAI, doesn't yet and may never exist. "One could imagine it's worth all the labor of the economy because it could eventually replace human labor," says Professor Dorff. Whatever the eventual value of the technology, Professor Dorff says he's unsure "any number would enable the nonprofit to do what it's supposed to do without control."No matter how OpenAI spins it, any version of this plan would result in a massive loss of control for the current nonprofit entity and its board.One more thingSomething the experts I spoke to agreed on was that the laws governing PBCs aren't very effective at ensuring companies stick to their social purpose. "The legal constraints aren't very strict," Professor Dammann says, adding, "the problem with a very broad public benefit is that it's not so constraining anymore. If you're dedicated to a very broad version of the public good, then you can always defend every decision, right?""The dual goal of profit and public purpose doesn't really tell you how a company is going to manage those objectives," says Jill Fisch, professor of Business Law at the University of Pennsylvania Law School. "To the extent that public purpose sacrifices profits, and it doesn't have to, but to the extent that it does, how much of a sacrifice is contemplated?""What matters a lot in PBC governance is what the private arrangements are," Professor Dorff adds. "That is, what do the documents say?" A company's certificate of incorporation, shareholder agreements and bylaws can provide "very robust" (or very few) mechanisms to ensure it sticks to its social purpose. As Professor Dorff points out, OpenAI's blog post said "nothing about those."Contrast that with when OpenAI announced its "capped profit" plan. It gave us a glimpse of some of its paperwork, sharing a clause it said was at the start of all of its employee and investor agreements. That snippet made it clear OpenAI was under no obligation to generate a profit. Right now, there's a lot we don't know about its restructuring plan. If the company is still serious about its mission of "ensuring artificial general intelligence benefits all of humanity" it owes the public more transparency.What happens next?ReutersElon Musk's recent $97.4 billion bid to buy the nonprofit's assets complicates OpenAI's plan. In this situation, the nonprofit isn't obligated to sell its assets to Musk under Revlon or anything else the company simply is not for sale. However, as part of OpenAI's reorganization plan, the for-profit will need to compensate the nonprofit for its independence. Musk's bid likely an attempt to inflate the price of this transaction to one higher than what Sam Altman and the rest of OpenAI's board of directors had in mind. To say Musk and Altman have had a contentious relationship since the former left OpenAI would be an understatement on a grand scale, and having an enemy who not only has the most money of any human on the planet, but also broad and largely unchecked control of the United States' executive branch data, may frustrate plans.OpenAI also faces a ticking clock. According to documents seen by The New York Times, the company has, under the terms of its latest investment round, less than two years to free its for-profit from control of the nonprofit. If it fails to do so, the $6.6 billion it raised in new funding will become debt.This article originally appeared on Engadget at https://www.engadget.com/ai/why-openai-is-trying-to-untangle-its-bespoke-corporate-structure-160028589.html?src=rss

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This year, high-profile companies like Amazon and JPMorgan have embraced strict policies to get their employees back into the office full time, eliminating the option of hybrid work altogether. With limited exceptions, workers who choose not to comply with these new mandates are unlikely to keep their jobslet alone get a raise.One company, however, is willing to shell out thousands of dollars to lure workers back to the office. According to a CNBC report, the celebrity video platform Cameo has promised each of its employees an additional $10,000 annually in exchange for coming into the companys Chicago-based office four days a week.We really felt like we wanted to make HQ a perk, not a punishment, Cameo CEO Steven Galanis told CNBC. We know were asking more out of you to give up the flexibility, and we wanted to compensate you for it. In addition to the $10,000 raise, employees who returned to the office this week will receive perks like free lunch and parking, as well as access to a gym. While the policy currently applies only to Chicago-based employees, the company has said it will help cover relocation expenses and extend these benefits to people based elsewhere if they are interested in moving.The leadership team decided on the $10,000 figure by considering what sum of money would move the needle for the majority of employees, but especially for those who are in the earlier stages of their career. That might be the difference between them being able to get an apartment in the city or having to take the train because they live with their parents in the suburbs, Galanis said. Chicago-based employees did not have the option to opt out of going into the office, but Galanis claims that nobody has quit in response to the policy change.Many corporate employees have resisted the RTO push in part because they dont want to give up the flexibility that hybrid work offers. In some cases, they may have even moved to another state and would have to relocate to abide by some of the most stringent policies. But another reason workers have resisted these mandates is because of the financial tax of returning to the office: In fact, surveys have shown that many people are willing to accept a pay cut for a job that allows them to work from home and maintain some flexibility. Research conducted by Harvard Business School found that 40% of workers would take at least a 5% pay cut to keep a remote job; about 9% of respondents said they would accept a cut of 20% or higher. Women were found to be more likely to give up a higher percentage of their salary.Since employees incur costs by going into the office, particularly commute-related expenses, its possible that some people would feel differently about RTO mandates if they received additional compensation. Cameo also reportedly does not plan to track attendance. Its approach could be a model for other companies that want to bring workers back to the officewithout stoking their ire or losing top talent.