ChatGPT maker OpenAI said it will no longer seek to restructure into a for-profit company separate from its nonprofit board, a move Elon Musk had sought to block.

OpenAI is ditching a controversial plan to become a for-profit company, CEO Sam Altman revealed on Monday – a surprise move that came after the artificial-intelligence juggernaut faced fierce pushback from ex-employees,

OpenAI and its technology will remain in the control of a non-profit organization, according to a letter to employees from Sam Altman on Monday. The big picture: OpenAI began as a non-profit, but Altman has been considering changing the structure of OpenAI since shortly after his brief ouster in November 2023 and the cost of building and maintaining ChatGPT has skyrocketed.