Openai says that when it reverses the course, the nonprofit will continue to control its business operations

Openai has it I’ve decided To retain the nonprofit organization that maintains control of its for-profit organization after the company announces it plans to convert it into a for-profit organization first.

Openai’s business Wing, which has been under the nonprofit since 2019, will trade with the Public Benefits Company (PBC). The nonprofit is also a large shareholder of PBC.

“Openai was founded as a nonprofit, and today it is overseen and administered by that nonprofit,” Openai Chairman Bret Taylor wrote in a statement on the company’s blog. “From now on, it will continue to be overseen and controlled by its nonprofit.”

Openai said it had made the decision “after hearing from civic leaders and having a constructive dialogue with the Delaware Attorney General and the California Attorney General’s office.”

“We are grateful to both offices and look forward to continuing these important conversations so that Openai can continue to effectively pursue AGI’s mission to benefit all humanity,” Taylor continued.

Openai was founded as a nonprofit in 2015, but was converted into a “capted for-profit organization” in 2019, and was about to rebuild it into a for-profit purpose. When it moved to Cap’s for-profit organization, Openai retained its non-profit wing. This currently controls the stocks in the organization’s corporate arm.

Openai said that conversion Save nonprofit organizations And inject the resources that will be spent on “charity initiatives” in sectors such as healthcare, education, and science. In exchange for controlling shares in Openai’s companies, a nonprofit organization It reportedly cut billions of dollars.

Many, including Elon Musk, opposed the company’s planned transformation from nonprofits to for-profits, including filing a lawsuit against Openai. The Musk lawsuit denies the startup for abandoning its non-profit mission aimed at ensuring that AI research benefits all humanity.

Musk had sought a preliminary injunction Stop conversion of Openai. Federal judge Request has been deniedHowever, the case allowed him to go to a ju trial in spring 2026.

Openai’s interests were high, so the for-profit organization conversion must be completed by the end of this year or the next year. Alternatively, you risk giving up some of the capital you raised in recent months. According to Report. Now that the company has changed courses, it is unclear what outcomes will befall Openai.

This story is developing. Please check for updates.