OpenAI has completed a restructuring, dividing itself into a nonprofit and for-profit entity, the company announced on Tuesday.

The nonprofit arm, now called the OpenAI Foundation, will have a $130 billion stake in the for-profit enterprise, a public benefit corporation called OpenAI Group PBC.

“The OpenAI Foundation and OpenAI Group will work in concert to advance solutions to hard problems and opportunities posed by AI progress,” the company said in its blog post announcing the restructuring. “This includes making intelligence a tool that everyone can benefit from, building safe and aligned systems, turbocharging scientific discovery, and strengthening global cooperation and resilience.”

OpenAI was founded in 2015 as a nonprofit, but in 2019, it established a “capped-profit” company

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