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 has decided to remain under the control of its non-profit entity, reversing earlier plans to adopt a for-profit governance structure. CEO Sam Altman said the for-profit arm will become a public benefit corporation,

The desire to ditch its nonprofit structure stems primarily from one thing: money. Being organized as a nonprofit means that OpenAI isn’t driven by providing a return on investment for shareholders (at least in theory),