OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization would receive shares in the new company.

Under the proposed structure, the public benefit corporation (PBC) will run and control OpenAI's operations and business, while the non-profit will hire a leadership team and staff for charitable initiatives in sectors such as health care,

OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors. In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025.

The company currently has a for-profit org controlled by a nonprofit, with a “capped profit” share for investors and employees. But in a blog post published Friday, the company says it plans to begin transitioning its existing for-profit into a Delaware Public Benefit Corporation (PBC),

OpenAI is officially done pretending it can run like a charity. On Friday, the company announced it has finalized plans to transition into a public benefit corporation (PBC) as soon as possible next year,

OpenAI is making a big change to fund its future. By 2025, it plans to become a Public Benefit Corporation, combining for-profit operations with a nonprofit arm focused on education, healthcare, and science.