Depends on the sector, size and age of the corporation.
In crypto these kind of complex structures are fairly common ,FTX has some 180 entities. Real estate companies like evergrand have similar complexities.
Companies which do lot of acquisitions will have lot of entities and for accounting may keep them .
Consulting companies including the big ones have similar complex structures each business has their own partners who get a cut of the profits directly and pay only some back to the parent.
Hollywood also does such complex accounting for variety of reasons
Compared to peers in the AI space this is probably unusual, but none of them started as non profit . The only somewhat comparable analogy is perhaps Mozilla (nonprofit tech with huge for profit sub) they are not this complex, they also don’t have the kind of restrictions on founding charter /donor money like openAI does
In crypto these kind of complex structures are fairly common ,FTX has some 180 entities. Real estate companies like evergrand have similar complexities.
Companies which do lot of acquisitions will have lot of entities and for accounting may keep them .
Consulting companies including the big ones have similar complex structures each business has their own partners who get a cut of the profits directly and pay only some back to the parent.
Hollywood also does such complex accounting for variety of reasons
Compared to peers in the AI space this is probably unusual, but none of them started as non profit . The only somewhat comparable analogy is perhaps Mozilla (nonprofit tech with huge for profit sub) they are not this complex, they also don’t have the kind of restrictions on founding charter /donor money like openAI does