OpenAI’s “will they, won’t they” flirtation with becoming a for-profit corporation is over. On Tuesday, the company announced that it has completed its recapitalization process, turning its AI lab into a for-profit corporation despite the objections of the company’s co-founder, Elon Musk.

“We believe that the world’s most powerful technology must be developed in a way that reflects the world’s collective interests,” OpenAI chairman Brett Taylor wrote of the change. “The close of our recapitalization gives us the ability to keep pushing the frontier of AI, and an updated corporate structure to ensure progress serves everyone.”

Under the new structure, there are now two separate entities: the OpenAI Foundation, which is a non-profit organization with partial control over OpenAI Group,

See Full Page