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.

ChatGPT-maker OpenAI laid out plans on Friday for a new corporate structure shifting away from control by a nonprofit an issue of contention for the artificial intelligence trailblazer. OpenAI was founded as a nonprofit in 2015 and has since switched to a "capped" for-profit enterprise allowing for a limited level of money making.