OpenAI had been pursuing this corporate restructuring for more than a year, first quietly, and then—as details leaked—in the public eye.The public arena brought lots of critics, from regulators and AI safety advocates to competitors—all of whom objected to OpenAI detaching from its non-profit parent company.

The company will become a public benefit corporation and the nonprofit that has controlled it will be its largest shareholder.

OpenAI abandoned a controversial effort to place its juggernaut artificial-intelligence business under control of a for-profit entity and will instead remain under its founding nonprofit board. The move could complicate the company’s future fundraising efforts.