OpenAI’s time as a unique nonprofit tech company guiding one of the more transformative and well-known iterations of artificial intelligence is coming to an end. The San Francisco company behind ChapGPT revealed Friday that it intends to become a public benefits company,

OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.

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