OpenAI announced a plan to convert its for-profit arm into a Delaware public benefit corporation. Saying it needed "more capital than we'd imagined," the company framed the move as a structure better suited to raising funds. The nonprofit would continue as a large shareholder of the PBC and pursue charitable initiatives. The plan marked a major shift from the capped-profit structure adopted in 2019 and stirred debate, coming amid litigation brought by Elon Musk.