OpenAI Reverses Course, Will Remain Under Nonprofit Control

The company will still move forward with plans to restructure its for-profit arm to allow more capital-raising.

A frame of a video generated by a new artificial intelligence tool, dubbed "Sora," is unveiled by the company OpenAI, in Paris on Feb. 16, 2024. Stefano Rellandini/AFP via Getty Images

OpenAI, the company behind ChatGPT, announced Monday that it will retain its nonprofit board’s control over its multibillion-dollar artificial intelligence business.

“OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit,” Bret Taylor, chairman of OpenAI’s board of directors, wrote in a blog post. “Going forward, it will continue to be overseen and controlled by that nonprofit.”