51Թ

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View synonyms for

for-profit

[ fer-prof-it ]

adjective

  1. (of a business or institution) initiated or operated for the purpose of making a profit:

    for-profit hospitals.



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Example Sentences

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Stewart is a private prison operated by CoreCivic, a for-profit corporation that makes money off detained immigrants, most of whom have no legal counsel.

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A petition signed by nonprofits, foundations and labor groups was sent to the state attorney general on Wednesday, urging him to halt OpenAI’s plans to restructure the nonprofit’s commercial arm into a for-profit business.

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US District Judge Yvonne Gonzalez Rogers previously declined to grant Mr Musk an injunction that would temporarily halt OpenAI's conversion from a non-profit to a for-profit company.

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San Francisco-based OpenAI began as a nonprofit in 2015 and later launched a for-profit subsidiary to oversee its commercial operations.

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In December, OpenAI said it would explore transitioning its commercial subsidiary into a public benefit corporation, a type of for-profit business where the OpenAI nonprofit would have an ownership stake but would no longer control it.

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