OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will replace the company’s existing structure with one that puts control into the hands of its for-profit arm.

ChatGPT developer OpenAI has announced its new company structure. Non-profit status also plays a role in the new legal form.

OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock."

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),

Facebook founder and Meta CEO Mark Zuckerberg has written a letter to the US government: It should stop OpenAI's for-profit plans.