OpenAI will remain under nonprofit control, pushes ahead with for-profit conversion

The announcement follows a storm of criticism and legal challenges, including a high-profile lawsuit filed by rival Elon Musk, who has accused the company of straying from its founding mission to develop AI for the benefit of humanity. The company had outlined plans in December to revamp its structure to become a public benefit corporation, saying that would help it to "raise more capital than we'd imagined," and remove the restrictions imposed on the startup by its current nonprofit parent. On Monday, OpenAI said the nonprofit parent will control the public benefit corporation and become a big shareholder in it.