OpenAI said Tuesday it has reorganized its ownership structure and converted its business into a public benefit corporation after two crucial regulators, the Delaware and California attorneys general, said they would not oppose the plan.

The restructuring paves the way for the ChatGPT maker to more easily profit off its artificial intelligence technology even as it remains technically under the control of a nonprofit.

OpenAI CEO Sam Altman said in a call Tuesday that “the most likely path” for the newly formed business is that it becomes publicly traded on the stock market, “given the capital needs that we’ll have and sort of the size of the company,” though a Wall Street debut was not a part of the announcements detailed Tuesday.

Delaware Attorney General Kathy Jennings and California

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