Restructuring paves way for ChatGPT maker to more easily raise capital and profit off its AI technology
OpenAI said Tuesday it had converted its main business into a for-profit corporation, the conclusion of a lengthy and fraught legal saga.
A crucial regulator, Kathy Jennings, the Delaware attorney general, said she approved the plan for the startup, which began as a non-profit in 2015, to change to a public benefit corporation, a type of for-profit entity that expresses commitment to bettering society.
