OpenAI is making a big change to fund its future. By 2025, it plans to become a Public Benefit Corporation, combining for-profit operations with a nonprofit arm focused on education, healthcare, and science.

Key Takeaways Artificial intelligence startup OpenAI said it needs to raise more capital than expected, and laid out plans for transitioning toward a for-profit structure next year. The ChatGPT maker said its existing for-profit division will become a corporation with ordinary shares of stock.

Microsoft (NASDAQ:MSFT)-backed OpenAI revealed plans to change company structure that would create a money-making corporation along with a nonprofit arm. The AI startup said its board is evaluating is corporate structure to support the mission of ensuring artificial general intelligence,